It's stupid to cut people from finance. This group could actually find ways to turn the company around, and reduce costs in ways that don't require mass layoffs. This is a desperate move that will cost the company more money in the long run.
17 replies (most recent on top)
Sorry for the job losses. But Finance should have known they would be the first to go. They always get the boot first in a merger. These are the people that watch the ship go down in the first place.
Nobody cares about Intel finance. Entire dept should have been outsourced years ago.
Fiance, sales get ready to jump off the ship...
Just checked in with my source in the finance group (Chandler) said they will find out tomorrow afternoon (Friday-Nov 10) if they get the ax.
Not fake. A friend was impacted. RNB.
Happy Veterans Day!
Confirmation?
@ypr - They're coming, rest assured. It just takes more time to figure out the cuts for larger orgs. Primary targets are still ICs with above average pay / long in grade G8, G9 maybe even G7.
Even if they cut everyone but BS in finance, it's only 2%. Should start with DCG, TMG, SSG instead.
To those shills still in denial: if you thought layoffs were over after Q3 results, think again. BK and BS are relentless and will pursue constant layoffs to achieve cost savings through 2020.
Not fake news. All finance is getting their 1:1s on Nov 8, after QGS.
ouch
This was already announced Oct 13. Or are there more coming?
Not fake !! Son works there.
Maybe the exact timing is wrong but it's been announced Finance is having layoffs soon.
Fake news.