Thread regarding Q2 Holdings Inc. layoffs

Huge RIF for US based roles

I have it on good authority a very large reduction in headcount is slated to land mid January. This will primarily impact engineering roles in US. Please prepare.

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Post ID: @OP+1vNG9TJj

18 replies (most recent on top)

It is April 2025

What are the current plans regarding continued offshore?
Seems to me that there is a continued push to "rationalize" the org.

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Post ID: @k26+1vNG9TJj

Now there are two finance roles posted in Austin. one is a sr financial analyst.

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Post ID: @jy0+1vNG9TJj

Probably an inside hire…. Someone wants to bring their friend, family member or former coworker in. Nepotism 101

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Post ID: @hcw+1vNG9TJj

Why is there a sr financial analyst role posted in Austin? I thought such roles were offshored to lower cost locations…? What makes this posting so unique to be Austin based?

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Post ID: @h41+1vNG9TJj

Did layoffs occur in February?

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Post ID: @d3n+1vNG9TJj

How do I get my name on that list? Please 🙏🏻 and thank you 😊

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Post ID: @b8g+1vNG9TJj

So I can only assume this got delayed??? Or, did it cancelled?

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Post ID: @ane+1vNG9TJj

FI today informed me they are looking at other vendors because the fraud tools in Q2 are non-existent. Does anyone know if the product teams are also being shifted to India or will those remain US based for now?

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Post ID: @a7j+1vNG9TJj

When Hank Seale stepped back that is when all this seem really to rev up. He’s how some CEO at another company he’s started. Wonder if selling to an India based support company is in the works for them.

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Post ID: @9db+1vNG9TJj

Management is too busy shipping our jobs off to India and integrating third parties to our platform. No work is being done on securing our platform or optimizing it. Some of the same useless items are being transferred to Q2 Console. Wonder if the India team is working on Console work or if that is still here in USA? Does anyone know?

What are you hearing from clients? Are they displeased with the shift to india? Our jobs are on the line as we all get eventually cut.

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Post ID: @9cp+1vNG9TJj

The clients I've talked to know that everything is shipping off to India. Many clients have been curious why no progress is being made on updating our outdated tools and online banking. A client in Oklahoma said Q2 was trying to sell itself a couple years ago.

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Post ID: @9c3+1vNG9TJj

Did this get postponed past January?

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Post ID: @886+1vNG9TJj

Does anyone have more details?

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Post ID: @712+1vNG9TJj

I wonder if Q2's clients are aware of the technical offshoring and how they feel about it.

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Post ID: @65d+1vNG9TJj

Anyone have a date?

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Post ID: @4xf+1vNG9TJj

it's their business model to slowly off shore everyone to India

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Post ID: @hnxu+1vNG9TJj

They never hated you nor liked you, you were just labor, cheap (they always paid below US market) and now they found others across the globe willing to sell themselves for even less.

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Post ID: @7asd+1vNG9TJj

They really hate us, don't they?

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Post ID: @1yhy+1vNG9TJj

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