Despite executive messages to the contrary, I believe large layoff like the one in 2018 is coming. Perhaps a hundred people. Probably in the new Measurement division as the ACT tests are paused.
6 replies (most recent on top)
Morale in my department is so low. I just started last year and, on hindsight, it was a poor decision.
It appears that the 2020 layoffs are across departments. It is unclear if every department will see loses or how many loses will be felt in each department. It is unknown if entire departments will be laid of. Position losses are across the board range from low level to upper management. The company is hoping to wrap this up in the next week or so.
If your position is maintained through this round of layoffs, I would still be concerned long term employment as ACT has a history of office politics that favors management, a history of hiring top level employees from outside the company and often outside of the education/assessment sector and a long long history of being slow to respond to changing markets and customers' content and consumption requirements, too quick to acquire, at great cost, entities that it never utilizes to create any substantial income and slow to ramp up products that are actually competitive in the market place. The company's spends more time talking about innovation than it does actually doing it. More doing, less meetings about doing. Layoffs will continue if ACT can't correct the mistakes it keeps making.
https://www.thegazette.com/subject/news/business/act-announces-voluntary-resignations-future-cost-cutting-measures-loom-20200528
Management lies.
I think it will be across all departments.
Poor management of Talent. Hire by the hundreds and fire by the hundreds.
Management needs to do better for the millions they have earned.
What departments will be impacted?