Lost my engineering job. Hearing 10%
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Just under 500 - mostly those in US sales, engineering, and IT.
To the comment below, the latter part of all of that couldn’t be more true. What the company is preaching is all a complete lie. They don’t care about diversity at all, it’s all a facade.
They will keep these old timers in house due to existing relationships. That’s all it comes down to, period. And over time there will be a mass exodus as a result of these things and then they will be in a lot more trouble than they already are in.
As a result of being left with a group of people who have unsharpened skills and are still operating like it’s 2000 and don’t give a hoot because they’re waiting for retirement to kick in. Good luck to you all.
When you bring an outside consultant to advise on how to manage headcount (which then equals workforce reduction) it shows the true grit of the leaders. As a stockholder the alarm bells should be going off that your executive leadership is weak, some would say cowards because it is being based on simple numbers not on the impact an employee has to the company. I actually was not laid off, but as I look around at the causalities of this reduction I see alignment to one product group only (we all know which one). Before anyone comments yes my resume is refreshed and I am actively looking to leave as soon as possible. The values preached by leadership are just words they use to make us believe in the company. Good luck to my former co-workers, you will be missed!
I am looking around and I see a lot of competent people have been laid off. what future does the company expect after having left with below average workers?
Yup I got laid off today too. Heard Bain Consulting made all the decisions on who stayed and who went. US hit the hardest.
Manages weren't the ones to put in names, it was directors or dept heads from what I heard. Also heard that it was strategic, like org chart stuff more so than personal. Good package. No idea of the total numbers, and no communication from the company telling us what happened yet.
Which group are you in OP?
“ I was laid off too didn't make it 1 year either. They are making decisions with out really putting any thought into who is getting laid off.”
If your manager does not know you and what you are doing, or does not care to know, then you are always in danger of being cut. Many times it is FIFO in how one gets selected
I was laid off too didn't make it 1 year either. They are making decisions with out really putting any thought into who is getting laid off.
In sales, had my 'thanks but goodbye' call. What really gets me is 3 months ago I was going to leave, was told I was safe by my manager because I was always over quota. Not blaming him, blaming myself. Good luck everyone out there, think this is a big and ugly restructuring.
Laid off. New hire, I would say, did not even complete a year. My manager was laid off too.