Who's ready for March layoffs?
37 replies (most recent on top)
Ready for some severance. When? Any idea?
Got confirmation from my Director today that there will be layoffs next month, mostly mid March and she says she has no idea who will impacted(which I think is a lie).
@1ev Nobody has successfully negotiated a Severance package till now lol ! Good luck to those who are willing to in coming days!
Its important to remeber:
Download pay stubs.
Download employee reviews.
If you are in the US(federal law) and 40+
You have 21 days to review and accept or decline a severance package.
Even if you accept it, you have 7 days to revoke it.
Research OWBPA.
Get a lawyer involved to negotiate your severance for you. You will get alot more.
TU will settle.
Across regions is a new clue so not just US???
What about specific groups
I hear conflicting statements from different directors. Some say its put on hold, some says march layoff will affect everyone across regions, major in India. Seems quite a joke at this point to be honest. They moved the roles to India to save cost and now gutting them. Most of the teams are already running with far fewer members in India as well. Real talents are already gone.
@1br I want all the Managers to be laid off! So Toxic and no knowledge ppl
@OP Who's left? If you work in tech or HR. Well HR is needed to do the layoffs since directors only on the phone with you for a couple minutes. Remember all that work, time you didn't spend with you family members or friends the director will give you 2 minutes saying thanks for your time.
They need to get rid of some managers, team leads and directors. You don't need that many people running things or not doing anything.
Something should be coming at big scale across regions by end of March.
@1aj - Your Directors would be knowing by now.
@19h What about groups?
Everyone speculating on GT...is that true?
What other groups?
@192 Only CC and his friend knows the numbers
What groups? GT? Others?
Any numbers? Estimates?
Let's share!!!!!!!
@OP TU already loss a lot of great people in the organization. People who cared about the jobs, the projects and business strategy is to make more cuts? CC should resign he destroyed what was a great company to work for. These board members are a joke most of them are dot heads.
@136 The Hub is now the Loop?
@zb Does anyone know more details?
@136 : I found the severance info buried within the US Associates Handbook
@132: Thanks, but the hub doesn't even exist anymore. It was replaced with the cr-ppy Loop. And I've searched the Loop high and low and don't see anything about severance packages.
Will there be really layoffs again next month? Are the rumors true?
@12g severance info is and always has been readily available on the ole Hub. It details payout for years of service + rank. For example, 1 week per year of service + x additional weeks for your level.
TO: @qe: RE: "Unfortunately, severance won't be as good. Funds are drained and severance plans have been rewritten. Updated publication forthcoming."
Can you provide any proof of this? What publication is forthcoming exactly? I don't recall any publication ever regarding what severance packages will be IF you get laid off. Why would they publicize this information? Lastly, "Won't be as good" as what exactly?
@np Find out what?
Name groups.
Unfortunately, severance won't be as good. Funds are drained and severance plans have been rewritten. Updated publication forthcoming.
@hf You will find out next month!
Is this a GT purge?
Other teams?
Details will help
@gp Filled with d-mb and d-mber offshore peeps.
@em 100% 2023 was the end. Now its a company filled with who's next?
What are the only two things a ceo is responsible for? Setting strategy and putting the right people in place to execute it. His strategy is making one disjointed and disastrous acquisition after another. And then leaving a complete fool in charge of product innovation. He failed on both counts. What a disaster. It’s a complete disgrace that he’s still here
This place has been in steady decline since CC took over as CEO. Covid only accelerated the problems, and the Neustar acquisition drained what little morale remained. The 2023 mass layoffs in the U.S. effectively put an end to anything that once felt promising.
I'm ready as well! Want my entire team to be RIF'ed! Totally toxic env
Meanwhile, they’ll continue to hire more sales people and fly them all around the country for multi-day meetings while providing meals throughout the day.
I'm ready! When?
@c3 US workforce will be reduced even further in the coming months.
I was looking at the demo organizers today. It was everyone in GCC. There are hardly any US employees left in team
Maybe TM 2.0 the one and only Yin-Yang will be included. One can only hope.
Amazing stock performance right now. Lets buy more companies, what do you think?
You know it’s coming. We see the signals. It’s infuriating to watch what used to be such an amazing place to work turn into what it is today.
Good luck everyone. I hope y’all are safe.