Good Morning. I can speak out on the who, when, and hows of current layoff plans. I cannot reveal my position or area for obvious reasons.
Currently and starting this past summer plans were presented to agency, customer, and tech areas for cost savings goals for each area. It was determined that waste and excess costs in all areas exceeded that of the industry. It was determined that each area would be given an operations cost number and it was made the responsibility of each area to get within that operating cost per area in the ways they saw fit. In addition the cost of vendor and third party services were provided for each area that their functions and operations could be placed as found seen as a fit. We left it in the hands of senior leaders in each area to present their business cases for approvals. We also provided areas in need to transfer bodies if needed for retention in other departments. Each business case for each area would be presented and approved if acceptable. At this point all requested areas have presented their business cases for where they have retained, rebadged, and released.
Business cases were to be finalized by end of 2022 for the initially selected areas for review. Vendor contracts and legal revisions for employee contracts were delayed meaning approvals for business cases were delayed. We will have business cases for each area approved by end of first quarter 2023 and bodies fates will be determined and souls transferred, retained, or released as approved.
We can say that many more transfers to other company areas and rebading to vendors will take place than releases as of course severance pay is a cost that needs to be monitored and less that previous as well.
The current areas will be decided by end of first quarter which times well with completion of vendor's trainings for these roles being replaced. All areas will be provided similar cost goals and required to provide their business cases for approvals. Vendors will be utilized in all areas of the company and vendors are also licensed for on shore roles in all areas. All areas will complete this process by end of 2023. If your area has not been impacted yet for review in 2022 it will be in 2023. Agencies themselves ard a part of the process.
There is no set number of souls onshore to be retained as part of this process of our ongoing Transformative Growth however internally at the end of this phase we anticipate our total onshore corporate employee footprint to be around 20,000 souls by mid 2024.