More mass layoffs NOT coming within the next year, this wasn’t the start of monthly rounds thankfully, though I wouldn’t be surprised if a couple roles across departments are eliminated, but that’s common occurrence nowadays. This was confirmed directly from leadership in my orgs townhall.
Is there a video or something to confirm this?
https://www.kron4.com/news/technology-ai/visa-cutting-over-300-bay-area-jobs-for-ai/amp/
@ee Europe regional townhall got more explicit confirmation that it likely wasn’t over. Nothing else new said, US execs decide cuts, regional execs left with damage control probably
@j2 We've been told all redundancies count as a NS credit, so essentially for my area no NS's needed this year needed to hit the distributions.
The year end may be another bloodbath. Managers will be forced to give NS. And after NS another cut.
Not aware is a soft confirmation, sorry
Two or three jobs ago, I had leaders who skipped the corporate BS. When asked about more layoffs, they gave it to us straight: "We can't promise anything, meaning more cuts are possible. Don't treat this job like a family. Business is business, so always be prepared—because it’ll be the same or worse everywhere else."
People were mad at first. But a year later, when the final wave actually hit, we ordered pizza and had a party during the Town Hall. Why? Because everyone already had their CV ready.
I would be careful about how they phrased it. If they were basically saying they are not aware of more mass layoffs within the next year. It could be an honest answer but not the confirmation there will be no coming.
Wrong.
You only need to announce mass layoffs when the number is above a certain threshold. What's stopping them from doing smaller cuts of 200-300 people every few months?
You guys really think not a single person is going to be cut after getting NS for annual reviews at the end of this FY? We also had significant cuts earlier in May that weren't as publicized. Expect Visa to become a revolving door moving forward.
That's the thing about company culture, it takes decades to build, 1 layoff to destroy. Btw shouldn't leaders be held accountable for making hiring mistakes then since these people were deemed surplus to where they want visa to go? How come not a single senior TLT was cut at all?