RIF volunteers requested June 1 by June 3rd. No RIF announced yet. Is this a two week process? One month? What are other groups seeing? TIA
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PMT on going gentrification to total India control
Layoff bingo.
The 2nd qtr. numbers are in the toilet! A lot deeper RIF’s and cost cutting coming. You will hear management talking about layoffs within the organization and functions using other terms, like 'restructuring' "downsizing," "reorganizing," "incremental synergies," organizational efficiency," "offshoring," "streamlining," "headcount reductions" "workforce rebalancing." "simplifying structure," "organizational improvements," "right-sizing," "simplification," “synergy” and "delayering”. Possibly up to 50% white collar RIF where redundancies exist or consolidation can be achieved by end of the year!