I don't think that there are many examples of layoffs being conducted with empathy and compassion in general, but wasn't this the most humiliating way to lay off employees who actually cared for this company?
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This company is a joke. Absolutely incapable CEO (he can’t even tell his full name without 3 or 4 umm) has gathered all the ye sayers around him.
The leadership has turned into a syndicate and there is no corporate governance whatsoever.
They hired a new CFO in January 2023 only to manipulate the markets and prop up the stock.
Insiders are selling their stocks right and left ( CSO sold more than 4.5 Mil, Chief Revenue Officer sold more than 2 mil, CPO sold more than 3 mil) right before announcing quarterly results.
Few SVPs are super busy in firing everybody who has shown some abilities to bring positive change to the company culture and offering.
Their modus operandi is that you will be put on lay off list especially if you are a US citizen or GC holder. And then you will be replaced by a substantially junior staff from India iLabs, brought to US on immigrant visas.
Stupid games can only yield weird prizes. These layoffs are nothing else but those weird prizes.
This game has gone so stupid, even the Chief Product Officer of Informatica, probably the only bright spot in the c suite, left Informatica on a 1 week notice. This speaks volumes on what’s cooking at Informatica.
This company, it’s c suite and the BOD must be investigated by SEC for sure to protect shareholder interests.
Completely agree, this this is the worst way possible to lay off staff, no indication no warning no nothing, there are staff that did not even get the notification simply cut off out off everything no organisation in limbo, some even travelled to kick off early and lost access to everything , its insane that this was done at this particular time , and not before the holidays