Thread regarding Corning Inc. layoffs

Layoff after the Q3 Call

Are we expecting some cuts after Q3 call?

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| 1103 views | | 2 replies (last October 25, 2023) | Reply
Post ID: @OP+1pen3rgZ

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Any new news?

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Post ID: @2hom+1pen3rgZ

Communicated expectations are "no expectations to return from economic challenges until mid-next year." So ... unless the currently organization is rightsized for ongoing ops at current level ... I would expect more cuts.

Also interesting - on quick count I came up with more than 50 VPs and directors with zero direct reports, and many more with 5 or fewer reports. Most of these people used to lead organizations with hundreds or thousands of people.

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Post ID: @uld+1pen3rgZ

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