Just heard rumors about potential layoffs in August/September in Fusion apps . It seems like the selection process might involve a review of unvested stocks not performance – anyone have any insights on what that looks like?
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https://x.com/firstsquawk/status/2087269719489561006?s=46&t=XeVBTr7OiDSe_Ij-ph--4A
Take Cover !!!
https://x.com/macroedgeres/status/2087278501938315303?s=46&t=XeVBTr7OiDSe_Ij-ph--4A
The more unvested RSU’s you have, the more risk you have to loose them all.
Which orgs have been asked to submit budgets??
@bw For last year’s layoffs, WARN notifications affecting US (and Canadian) employees were timed so that the effective layoff date fell just after the September RSU vesting date.
This year, the final RSU vesting date is October 23. Counting back 60 days from October 23 puts us at Monday, August 24.
@an not following your logic here. We'll see WARN notices after those impacted find out. What's the connection to Oct 23 vest?
@b7 last year they were given in October.
Why only Fusion Apps this time ?
@an RSUs vest end of September
Previous rounds were budget focused. This round is nothing different from the big picture.
All orgs are asked to cut budget. The goal is trickled down differently to child orgs. Some will be hit harder than others.
Buckle up, guys!
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Monday and it’s rumor time. Your indicators are always reorgs. Look for the reorgs and that will be telling. The group you move to won’t have budget and will be the grim reaper!
Here’s my thoughts
- RSUs were given last year in October
- 60 days before would be Monday August 24
If we see WARN notices on Aug 24, layoffs are happening in Q2
It’s true..Budgets have been shared for cuts
more fearmongering
Wishful thinking: this will never happen as H1Bs have a lifetime job