How likely is that there will be Jabil Circuit layoffs? Any chatter, news or rumors?
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We've been in a silent, unending layoff since COVID, really. At least in Corporate. Either positions not getting backfilled, or people outright laid off. All of the old guard is gone at the upper level of management. Had a lot of retirements at the end of 2023. They never announced layoffs, just keep thinning out SG&A to hit the margin profile they promised the street and failed to deliver through customer acquisitions. My experience is that we are at a point where effectiveness is being impacted across multiple functions as there is no fat to cut, just muscle and bone at this point.
The silet layoff already in progress
by and large with 10% in most of non manufacturing team , despite roughly 60k+ employee (permanent + contract) are now part of BYD after Jabil deal with BYD in china