Heard rumors this week another round happening in September
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I've been at MS for a long time and have never seen layoffs take place in September.
How credible is the inside scoop?
not really. September round are mainly those who negotiated a deal with the firm in May, typically EDs and MDs.
It’ll be the departments that didn’t get hit in May.
Heard it will impact internal audit
Confirmed! September is set so that people who will be laid off won’t be on payroll as of December 31 and therefore won’t have 401K match. Layoffs in October and after will not save the company’s cost to pay 401K match because the company still have to meet its obligation for 401K match.
Similar scale as in May? which departments?
Not heard anything :(
Confirmed, same here about September layoffs