Hearing layoffs are coming in 4th qtr for areas like technology. Anyone know if this is true and/or have additional insights?
6 replies (most recent on top)
It's so sad to see people leave. Some have been with the firm for over 30+ years. They're cutting people who are at the lower level but maybe should start at the higher (CTO) to save money.
Yep it’s official now ,good luck for people who are leaving the organisation , it’s sad to see my good old friends in houston office to leave .
Yeah that’s true ..myself impacted . huge job cuts across North America . Forceful retirements ,
Funny thing is initially teams were split in the name of reorganisation and they let ppl go
Now they merged again, just a zero
Sum game .
Yes, it's true. People are being notified this week if they were impacted.☹ One guy is on vacation & he received a 'strange' meeting invite from his manager. It was to inform him that he was being let go. Another guy has been with the firm since 1997 & he even relocated to another state about 5+ years ago. He was notified yesterday. He is a superb & smart as a whip. Hopefully, he will find an even better job!!!
Sounds plausible given earnings and expense pressures.
Rumours end of Q3. No details on which divisions will be affected