Several people mentioned the potential continuation of layoffs in November. Do we know more about it? If it's true, can we expect it at the start of the month or more towards the end? I wouldn't put it past this sorry excuse for leadership to decide to lay people off right around Thanksgiving.
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Regarding BM saying the “mass layoffs” were done, don’t fool yourself into thinking they are done. Most people don’t realize this, but the mass layoff on 10/12 was the 4th layoff since Brookfield took ownership.
Most people didn’t even know about the 2nd & 3rd layoffs; India took the biggest hit with those layoffs; North America had a few, but India took the biggest hit.
Think about what he did to CDK from 2016 to 2018. Brookfield allowed him to come back what does that say about Brookfield?
'Fit and Focused" yet a bunch of people laid off this week. Guess that is his focus.
If you think layoffs are over, think again. Now that y’all are fit and focused or whatever BS you are being fed, now they are going to sell off parts of the business. Private equity is all about making money, not about the clients or employees. Brian owns a stake of CDK and will stop at nothing for the money. #greed
Probably just means they are weeding out smaller groups of folks then, honestly dont see what else they can cut in support. We can barley go a day without 30 calls hold for almsot an hour.
I've not heard anything about it.
The message I recall was BM saying the mass layoffs were done and we're "fit & focused" now but there could still be "adjustments" as needed. They sent out the recording, could go back and rewatch it.
Based on his past layoff cadence (generally quarterly) I don't expect much in the way of layoffs for the remainder of the year.
That being said who knows, I'm just speculating.
I don't trust anything BM says, the guy is just a bad person all around.
BM said we are fit and there will be no more layoffs. I assumed that meant no more layoffs for the rest of the year