The Layoffs will happen in January citing Performance as reason and NO Pay raises.
People will be tempted to move themselves to save Severance cost.
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Nasty bunch of folks...Bora Bora..and the Most expensive place...noses up the @$$
They should have called it Maui maui, mai tai or St. Barts which is where Jane & Company are going to party with their pay raises and multi-million dollar, 30+million salaries.
Calm before the storm.
- Likely layoffs next 2 weeks
- More layoffs 2nd/3rd week Dec
- More layoffs mid January
- Layoffs in Feb, Mar, Apr
- Done by May w/ 12-15% reduction
- Stock price down and stuck
- Low productivity and low morale thru out 2024
- Jane retires
- New leadership late 2024
Most will likely happen this quarter in order to get it out ahead of Q4 reporting. There will be residual in Q124, but again the vast majority will happen this quarter. Ho Ho Ho
There will be more than one round. Some before Jan. some afterwards. Either way, its coming. Its got a catchy name though…..Bora bora. With a name like that, you just gotta be ok with it.