Wondering if they are taking a break from firing people?
3 replies (most recent on top)
I think there definitely seems to be following things that lead to few conclusions .
- Forced RTO
- Month on month firing
- Hyderabad office
- Economic downturn
- AI advancement
Forced RTO : It would be otherwise a normal expectation but it was definitely different about like Cigna which was pretty open to remote work before Covid.
Month on month firing : This gives them two fold advantage. 1) Fire every month and see how the runway looks 2) Demoralize employees so they leave on their own.
Hyderabad Office : Needless to say this is another money saving strategy . Another way to reduce staff in US and build offshore and nearshore.
Economic downturn and AI advancement further pushes the agenda of staff reduction and reducing Opex.
David Cordani is not like you and me.He is having dinner with other CEO friends of his and clearly sees and knows something we don’t know and can’t see. He is preparing for the worse and trying to go on a calorie deficit diet and see how his organization survives. This is just experiment for something bigger and more explosive.
He is shaking things up in a big way and how ! We are all pushed into a corner from all sides if you think about it. The fact that not a single week or a month can go peacefully in this company is hitting people where it hurts the most. Their “mental health”. I just hope he did this 2 years ago when the market was good. Now is such a bad timing in all sense.
They will never be done as long as they can eke out some more profit by doing it. And they wonder why “employees don’t have loyalty anymore”.
Not til May