Wave 3 started already, wave 2 is still under way. Why don’t we just call it as it is, “uninterrupted endless wave of layoffs”? I’m sarcastic, but making the distinction can make some people falsely believe that they are safe from layoffs, for a while at least. None of us are, not for a moment.
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We are at waive 2.34123B
Wave after wave, wave after wave
I'm slowly drifting (drifting away)
And it feels like I'm drowning
Pulling against the stream
Pulling against the stream
How it may play out. Every Associate Director will be required to cut headcount down to 3 badged US based employees but allowed to keep any offshore badged like those located in Slovakia and India. Any contractor will not be impacted in the force reduction. Layoffs to accelerate as another 2 Billion in cuts needed by December 2024. Attracting younger, cheaper talent is going slower than expected as many are saying no to offers due to lack of WFM. Meanwhilethere are many that are still WFH being tapped for RTO or relocation to Atlanta and Dallas. Also spend on 3rd partly software continues to rise-go figure, and explain how that works. It is that fuzzy math only leadership can ever understand, we are not that smart. They are going all in and betting this will all work out just fine, as it usually does right? So you get a few outages and upset customers but as long as the Enterprise clients keep paying it all washes out in the end.
“Some people are of the opinion that the company is less likely to surplus employees who are using the maximum number of caregiver days each year because it would give the appearance of targeting employees with family hardships. Maybe they are on to something.”
Nice try HR a--hat.
Using your caregiver days gives HR a clear indication that you have elderly parents and less likely to say YES to a move. It also shouts to the rooftops that you are likely older yourself. It also lets the cheapskates know that you are actually using those days instead of working. All great reasons to remember you.
Some people are of the opinion that the company is less likely to surplus employees who are using the maximum number of caregiver days each year because it would give the appearance of targeting employees with family hardships. Maybe they are on to something.
Wave is just the new corp buzzword. In a few years, we'll be back to Rightsizing, Streamlining, or some other BS lingo.
Difference between wave2 and wave3 is like difference between layoff and surplus.
The higher wave numbers are vanity listings. It makes managers getting surplus see in later waves feel they were better performers than those who targeted for layoff in earlier phases. Top performers at T like to think wave numbers matter.
Right. To the waiver wire you go. Waive 3! :)
I wish people would stop using the word “waves”. It’s confusing and doesn’t correlate to anything.
Surplus doesn’t stop . Doesn’t “end”. There are no “waves”.
My opinion is that Waves are designated for specific groups of individuals, segregated for better management and control of the desired “outcomes”
T has to use Waves initially to define a group of individuals which fairly span age, race and gender so that it appears above board. They will readily disclose such details so you feel you are in fair company.
T is less forthcoming and less transparent on the execution and process of Waves. (Wave 2a 2b Wave 3, etc.). You and I have no idea how many people were extended or moved to another wave altogether. (Held back, saved if you will). We do know that some people that said Yes to the move were surplussed anyway while others were not, some of which have no idea if or when they will receive an off payroll date. Why is this? Are extensions being granted fairly or is there some bias at play? Nobody knows because of lack of transparency.
So the distinction of Waves and extended waves are to provide a filtering mechanism. It’s your job to ask why. When we get to the final Wave 3/Extension a, b, c, d? will they have held back all the people that were intended to be kept based on whatever biased or unbiased criteria? At that time they can simply declare a change in direction and all scrutiny of outcomes are suspended.
Obfuscation by design.
It has been going on for 20 years.
Right!?! Wave 2, Wave 2 deferred to Wave 3, true Wave 3...
And the whole "by end of 2025" had everyone thinking oh, okay, like fall of 2025. When it really meant absolutely no later than end of 2025. I think Legg was bored and decided to go ahead and pull the trigger on all of it.
Monthly? Try more like weekly.
There are no layoff waves. Just monthly layoffs. There are relocation waves, with a new relo demand coming out very soon.