Thread regarding ViaSat Inc. layoffs

More layoffs coming, but when?

The same source that told me the first round was coming told me a second, larger round would hit by the end of this month. Does anyone know anything?

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| 2821 views | | 10 replies (last November 1, 2023) | Reply
Post ID: @OP+1mL1Viso

10 replies (most recent on top)

November 1st :(

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Post ID: @2Cmpz+1mL1Viso

Stock price not looking so good the past week or so

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Post ID: @uuel+1mL1Viso

End of June?

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Post ID: @hbwq+1mL1Viso

What is the update? Was this a false alarm...?

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Post ID: @amgu+1mL1Viso

No news is good news? Hope everyone is hanging in there.

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Post ID: @8wmw+1mL1Viso

Your manager will be on the phone and will read from a script. Your response should be- “did you consider laying yourself off since, as a manager/exec, you are paid more and it’s more your fault that the company isn’t doing well?”

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Post ID: @3zkj+1mL1Viso

Pro tip: be on the lookout for a slack audio call from a P&C person.

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Post ID: @3jlt+1mL1Viso

What's your source?

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Post ID: @3ckh+1mL1Viso

If it's by the end of the month per your informant then Monday the 29th would be the likely day BUT that's Memorial Day, so maybe Tuesday?

Fun times! Stay positive but if you get that call to the conference room make sure you negotiate the severance you will need to support yourself and your family. Wish I had asked for more!

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Post ID: @2shi+1mL1Viso

Seems to make sense considering they just paid off their credit card with the sale of L16 and now want to spend another $6B to buy Inmarsat.

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Post ID: @1aid+1mL1Viso

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