Is there any way for us to know when the next round is going to happen? I’m not naive enough to believe that we’re anywhere close to being done with layoffs, but it would be easier if we at least knew roughly when it might happen, so that I don’t have to worry about it 24/7.
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Makes sense! Very clear that more cuts are on the way. I guess performance-based is better than the arbitrary process followed last time. Do we know the timeline?
My source, who has been spot on over the last 8 months is more cuts coming. My opinion: The process may be in the form of PIPs, which would make sense. It may be on an industry by industry basis.
What informing the comment that this round is likely to be much worse?
The big question is what Bain's final report is going to say when it gets handed over in the next few weeks.
How much the ELT choose to share with us is anyone's guess, but depending on it's contents, we may see another round that's even more severe than what we've seen so far.
First round, we were specifically told no layoffs but you could walk around the office and see presentation deck to leadership about upcoming layoffs.. Won't be any different
They might have finished the first round, but no guarantee that there won't be other rounds. Anything to show profitability.
Same with EMEA
AMERS announced layoffs were done for their teams
ELT will never tell us. They had every chance to better communications to us during the various stages of the round 1 layoffs, but did they? Most people that knew about layoffs beforehand found out from anonymous sources online.
Just do what you can to stay sane, do what's required but no more, look after your mental wellbeing as best as you can. What else can you really do when ELT provide the bare minimum when it comes to communicating such an important topic?
They won't announce it but agree that more will be coming. I got hit in the early January round and I've been advising survivors to start looking now. If you find something that is going to be a better opportunity that working at SF with the constant threat of layoffs maybe happening, jump on it. If not, you will have interview practice plus a better understanding of what companies are looking for.
Oh and don't expect that the severance will be as good as the first rounds.