Fraser repeatedly said this will all be complete by Q1 2024, but now all of a sudden, it's through 2026.
Anyone surprised?
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Save your pennies people. Make sure you can pay for at least 6 months worth of mortgage/rent payments and other monthly bills to bridge any gap you may have in employment. Its going to be harder now to get another job than in the last several years, so make sure you can wait for the one that is the right fit instead of being desperate (employers can sense this in your interview as well).
Does it matter? The fact of the matter is many big companies are and will be laying off people now and on the next year or so. Job security is nonexistent now and in was in the past - not sure why everyone is whining. If you want a secure job, work for the government... It is a risk / reward thing.
Probably hoping for attrition and retirements to keep the headcount going downwards for the next 2 years.
Layoffs will be completed by 2026. The re-org completion and some layoffs Q124.
It's Q1.
I think the CFO misspoke. The statement from her said Q1 as well.
yeah - can’t deal with stress and wait in the hopes of getting severance for two years