Just got word that massive layoffs are in the works for Dell/EMC here in Austin. The Seattle office is also on the block.
Our management team has us putting together severance packages and we are discussing streamlining services.
Hiring freeze is in place and we are cutting promotions, pay band increases as well as merit and performance based promotions.
They will start with the home automation and EMC Infrastructure group followed by other large departments.
It's a very scary time. I'm just waiting for my own layoff as I get everyones severance packages ready.