The layoffs are starting, but being called 'restructuring'.
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Seems as if a 'new' hiring freeze might be active. As someone who recently (the past two weeks) had two interviews and after the last was told the "next steps" are a final interview with the hiring manger. That was last Thursday. Today (the following Monday/late afternoon) I get an email from the recruiter saying the position has been put on hold indefinitely, but "it could open back up again at any time."
Thanks, but no thanks. I'm not waiting around, given that I had a final interview with another company this morning, and the recruiter told me I'll likely have a written offer by COB tomorrow.
based on the previous poster I'd say we're in Phase 3. Having said that, I've never seen a company with so many Presidents, Vice Presidents, Managers on top of Managers, CFO's etc.. I'd say 4:1 self appointed "leadership team members" to customer facing roles. talk about a bloated organization.....
Phase 1: soft or hard hiring freeze, positions left open in perpetuity. Managers struggle to get additional headcount.
Phase 2: expect to see phrases like "essential customer travel only", and no internal face to face meetings. Micromanagement on expenses and spend.
Phase 3: pink slips and/or mysterious "so-and-so has left the company to pursue other opportunities" type of emails. "Business conditions dictate" will be another commonly used phrase.
Wash, rinse, repeat - just the way it is around here.
Don't worry. We are all being phased out.
What are phase 1, 2, and 3 for newbies?
Q3 usually triggers the natural GE progression from hiring freeze, to essential customer travel only, to stringent base cost control (no expenses/no travel/no agora); culminating at year end with layoffs. Of course, those that are left have extra work heaped on their plate going into the new year, but feel fortunate just to have survived the layoffs and so they grin and bear it. A bit of Stockholm Syndrome if you will.
Believe we are currently in Phase 1 of the progression.
In the past it was 20 percent.
A 10% layoff is significant. Are you sure about that?
To those impacted at GE Healthcare, it’s a standard 10% layoff across the board even contractors. To those who remain it’s being described as a reorganization with new job postings that will mostly be filled internally by those who are not laid off.
Seems they are doing it in small batches spiraticaly. Testing the waters maybe.
What sites and division are you in?
I have heard this out of Waukeshau and Madison
who's impacted?
Wake me up when its over.
Sound like a new GE low.