It actually has a project name and includes....
Voluntary RIFs
site closures / site downsizing
cracking down on WFH as a tool to reduce
involuntary Rifs
PIPs as a tool to reduce
Hub strategies which is code for your job is moving to one of these sites and if you dont accept in on your own dime and move it will be understood as a resignation
All part of this
The numbers just arent any good. We spent years hiring in HGR and not talent and it has come home to roost. We cant develop SW, we cant keep our poorly designed systems up and we arent any where near being able to innovate new products people want. Not even going to list lack of talented leadership....we don't have any.
Good luck everyone