LM Corporate doing layoff 6-10% end of October.
Hearing individual BA’s will be trimming back around 5% each into 2021.
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100% true. Unless you're a new college hire, offered a really low salary, I think it would be a mistake to take a job with EBS now.
4-5% here by the end of October, but this was described as "Phase 1", with several more "Phases" to happen in 2021.
personally, I think this is LM trying to cover themselves against the election. If Biden wins, and the Dems take the senate (and hold the house), it's a good bet that the defense budget will be slashed, which would mean LM's revenue would plummet, which would mean that they'd have to do a LOT MORE cuts in personnnel.
How true is this? I am expecting to start with EBS but it is on hold until final decision is made?
We were told in a meeting today notices go out Monday 10/19.
Yep. At EBS it’s something like 4-5% and another round next year. They said those affected will be out on October 30th so that means the notice would probably go out the 15th/16th.