Thread regarding Moody's Corp. layoffs

25 laid off in MIS Tech on 5 May

All in NYC, all with Moody’s 5+ years, everyone shocked, since they were told there would be no more layoffs.
This is the 3rd round of large layoffs (all laid-off employees in NYC, meanwhile hiring constantly in Charlotte) since new mgmt took over.
The org is not what it once was. Upper mgmt making big promises to the business while spilling $. Poor planning.
Layoffs were always last resort at Moody’s. Times have changed.

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Post ID: @OP+154xqraq

4 replies (most recent on top)

SVP, VP, AVP, BA, PM, Admin. All titles.

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Post ID: @8dqw+154xqraq

I would not trust any promises coming from this senior management, the culture has shifted and now employees are increasingly being treated as disposable commodities. I'd recommend keeping the resume up to date.

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Post ID: @7ztz+154xqraq

These moves breed zero confidence in the new senior management. We were explicitly told last year there would be no more layoffs.

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Post ID: @2jjg+154xqraq

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