Large amount of layoffs today. If you get the important meeting on your calendar then you’re next!
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I still have yet to be contacted by anyone, the only notice I received was the official separation agreement. Monstrously sh---y of them to terminate like this when I have worked here for nearly 5 years.
Please update us on what the lawyer says. I completely agree with you. The holiday party was extravagant for what then??? to the last poster vvv
Will be contacting an employment attorney on this. A massive party was thrown at the end of the year in NYC where hundreds of individuals were flown out. Yet we were being told in our meetings that 2023 was a "difficult year". Employees were never given this information.
Anyone else reaching out to an employment attorney should please post findings here as this was a complete blindside.
I was told that we could apply for other jobs on the company website which is absurd. We couldn't have been considered for those jobs before our termination?
It happened to me
:/
Didn’t even get to work there very long. Disappointing, I’m glad it wasn’t personal and I’m not the only one but I’m bummed to hear it seems it’s company wide.
The 4.8% includes all Medidata employees (FTEs, contractors, interns, etc) - there is some speculation that if you just filter on the FTEs, the % impact is significantly higher (bordering on 25%)
Leadership has said this is not a phased approach, done all at once. Where is 25% coming from?
Allegedly 4.8% of employees affected but when doing the math of just the people I can see affected alone the number is much higher. The number that had been floated by members of senior leadership was 25%, the 4.8% stated during the all hands is certainly only focusing on one small part of the org so the true scale doesn’t need to be given. Further exemplified by the invasiveness of management to provide metrics on how the entire organization was affected.
I've managed to survive multiple layoffs in previous companies and this has to be one of the worst:
- Corporate double speak, they keep saying restructuring over and over - there is no restructuring! We are just laying off people across the teams!
- Team members were finding about the layoffs BEFORE the announcement by checking Slack statuses of their colleagues
- No transparency on which teams are affected, how many are affected, etc..
- Some people weren't notified until late in the afternoon, so people were sitting there all day in uncertainty waiting for the "important" meeting to arrive
It goes on...
Reason given is flat sales and need to preserve capital for future growth. 4.8% of employees and contractors affected, but India not affected. Specific depts. not mentioned. Could not re-train employees for the new growth areas was said.
What departments were impacted. No one is saying. It seems no one is safe with the new CEO Anthony. Company and morale will down-spiral with Anthony
Was any reason given for the layoffs?
That's bad :(
So much for Medidata never lays off
Same here.An important meeting happened today. Product also got impacted
R&D? Sales?
13 years of service down the drain
Sounds good to me.
I got the important meeting scheduled and I knew that was it.
How many? What departments?