Thread regarding ARM Holdings PLC ADS layoffs

Mid-Year Review Axed

The company just axed mid-year reviews due to revenue for non-graduates quietly announced on the Home Page.

No promotions or salary changes. Wonder does that also apply to performance categories as well.

That would be a nice cop out to mark people up for dismissal when their growth strategy backfires and they can blame "Covid" despite all the licensing that is occurring regardless of how they are performing.

by
| 1518 views | | 3 replies (last )
Post ID: @OP+163yHPDX

3 replies (most recent on top)

I don’t see this as a precursor to layoffs, just trying to pad out the uk offices to hit the SoftBank hiring target. The months after the deadline passes will be another story though...

by
|
Post ID: @fncb+163yHPDX

They just quietly re-opened hiring for graduates and grade 3 positions in Central Engineering. Either these are critical approved hires or a lot of people will be training their replacement in September since the mid-year review can only reduce your performance, not raise it.

by
|
Post ID: @8jzw+163yHPDX

Strange how they haven’t told the employees this directly. The page on the intranet for this has now been removed.

by
|
Post ID: @6rtw+163yHPDX

Post a reply

: