Microsoft Offers BuyOut and Plans more layoff after that
Meta plans layoff.
Market in total chaos. Holding to the current position.
13 replies (most recent on top)
@dm I sure hope all these nervous but well paid Oracle ICs have been smart enough to invest in the markets over the last 3 years or more.
Some of us have and kept quiet about it, this RIF was welcome and better than retiring and getting a slap on the a-s instead of a nice payout.. =)
Layoffs already started in EU.
People were hit in Switzerland. What a joke of a company.
Yeah. I’m gonna lose sleep over senior leaders getting asked to retire early, stop stealing a paycheck, enjoy their yachts and fast cars and continue to cr-p on the people below them. Stop.
Look out next week. IRE and UK.
@b6 I sure hope all these nervous but well paid Oracle ICs have been smart enough to invest in the markets over the last 3 years or more.
The word "ANEMIC" was tossed around yesterday to describe Q1 forecast.
Interesting.
@cr everybody reading this forum is already aware that layoffs in EU are oficial and announced in some countries : 300 people in Germany ( meeting with WoC last week ), 500- 800 in UK on Tuesday the next week, meeting with WoC Austria the next week and rumours about France and Spain . So lots of fun for a couple of months now ..
@bt where you get this information? NO one knows if will be or not any RIF on EU.
Not to be a buzzkill, but personally I'm more worried about the next massive layoff at Oracle. Aside from the EU, are we still expecting it to hit June 1st?
This essentially points to greed and poor C-suite skills. When everything is going good, even mediocre executives appear awesome. It's reflects badly on those who were in or near leadership positions in 2008 and failed to learn. (Maybe they did, but they are enriching themselves!)
but but but the stock market is at an all time high
This is just the start. Semiannual (or even more frequent) layoffs will be the norm for the 4-5 years. Jack Dorsey was probably low in his estimate of 40% reductions.
OP, spend time building your network and make sure you have current skills. If not, this is a good time to be working on new/updated skills the market wants. Have your resume updated and ready to go. If you end up out on the street it is going to be tough and getting worse really fast..