EOM
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Contractors are still often cut along with employees though. They just don’t get severance.
Exactly. It costs nothing to end their statements of work (SOWs). Although, usually they get cut at the end of the quarter, then a few weeks later the earnings call announces the LR. Less often, the earnings call will announce the LR and then contractors are cut at the end of the quarter after the employees are gone, although they can be cut mid-quarter.
Contractors are still often cut along with employees though. They just don’t get severance.
Red badge cuts are not layoffs.
My director told me in confidence that10K employees will be LR'd not including additional contractors which he did not know how many
What will be breakdown for red badges vs blue badges?
The math checks out... I've heard 5K