Are we really looking at rolling layoffs and reorgs for the rest of the year? I don't know how anyone's supposed to stay sane through it all. With the job market the way it is, I bet everyone's panicking just like me.
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RIFs and layoffs are now a financial strategy tool used multiple times per year by corporations like optum to meet the best stats for shareholders and company "health". one should expect there will be at least 1 RIF per quarter, if not more.
@OP couple more years of RIFs ...
There are still roles that can be offshored, and the company doesn’t care about competence or quality, so why wouldn’t the layoffs continue? If your role can’t be offshored, I’m sure some C level thinks AI can replace us instead. They’ll just keep gutting the company until financial goals are met.
Welcome to the New Corporate America. Record profits and continued layoffs. This has been happening for a few years now unfortunately.
Might be new in your area but they have done weekly layoffs at Optum every week we are open since at least 2017.