In keeping with the actual purpose of this site, I thought I’d ask if there were any credible rumors about upcoming layoffs/WFRs. Share what you know.
10 replies (most recent on top)
Giving ZERO pay raise to bottom 20% has always been the strategy to force attrition of the bottom 20%. Expect that to continue. People who have dropped in ranking and are above the salary curve will get token raises (1 or 2%).
There is a rumor unsubstantiated that the PIP rate will return to 2% in 2023.
PIP will continue in Annandale for 2023, RE beware
@hfv+1jMcdgrT You clearly don’t work here.
@elk How is attrition being encouraged?
They cannot call it a “layoff” because the greedy MC took stimulus money to tide the corporation over during COVID. The headcount reduction plan is still going strong via PIPs though-which clearly aren’t layoffs (LOL).
BTW- the financial woes of the corporation started way before the pandemic hit, but the liars in Dallas got to cover up their years of financial mismanagement with the pandemic.
Attrition is the new layoff.
Cheaper for EM to encourage attrition than to PIP.
EM does not layoff; they PIP. If you were EM you would know that. Troll.
Yes there will be layoffs next summer int the form of we-ponized PIPs
The divestments will continue. They are shipping people off to assets they want to sell.