Anyone else hearing rumours of a round of layoffs shortly? Could it be even possible so soon after the last round?
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Given the stock plunge from the bad earnings call today I don’t see how there is not another round of layoffs.
Don't expect salary increases or promotions in 2024. The wheels have been coming off for a while, there's one now, bouncing into a ditch.
Any closures of offices?
RIF likely won't target one department over another so they can avoid any potential legal issues. They're quite skilled in this area, might actually be their true strength.
What departments look like they may be hit?
Yes, another RIF is in the works and further austerity measures. If forecasting and backlog is based in non-standard practices then unrealistic targets will continue to be missed. Headcount is a direct correlation to targeted revenue, nothing else. Expect a c-suite prerecorded bad news message in next two weeks.