Not gonna lie, seems like everything a particular EVP did is being undone as the first wave. FED lowers rates again may or may not be factored into the 600. EC in Indy next week should be uncomfortable... especially in the parking lot that can't support the employees and in a new multimillion dollar VC room...
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The whole situation is sad. Good people gone. People who put their heart into that company. I was let go yesterday and I’ll tell you I’m not in the top of my pay grade. There were also admins let go today. Admins help that company function. I gained so many friends there. I loved going into work everyday. I hope to someday be back.
it was factored into the decision, however speaking with a few higher ups it was said that they expect another one to come and if it drops another quarter they will be another round most likely. Alot of good people were let go regardless of knowledge or seniority. They focused on those who were probably top 3-5% of their pay grade for their role, at least that what it seemed like to me. Low morale and barely any work was done people waiting to see if they were next.