Approved by CEO, announced very soon (week or two). Target date to transition is Aug 2026.
17 replies (most recent on top)
Sounds like an announcement is coming tomorrow.
@2dt they will probably do another layoff after the first, just to safeguard “appearance”.
Heard from multiple sources, only 300 people to be offered relocation packages. Any idea how many RFT employees there might be in NJ?
I heard it will be a big layoff, 30%, not sure what will be the cutoff?
Is August transition timing actually confirmed?
@23w what is seniority for relocation packages? is it senior manager and up or director and up?
@23n email notifying NJ move to TX will be on Friday, May 29th. First round of layoffs June 5th. Only 300 employees will be given relo packages.
NJ office subleased from Unilever and lease is up in Oct.
This rumour seems to have died down, any updates?
Any updates?
@1eh that nobody is sure, but if I survive, I don't mind.
@1aw they reduce salaries hy cutting 30% of current workforce. glad that you do not mind, are you sure you are not getting laid off?
I don't mind, will they offer relocation package, what about salary, do they reduce salaries?
@16w yes
Is this for real?
the executive team continue to fail upward
Source?
Is it going to be announced with the layoffs or separately?