@zyh is right, I am with IBM they always do this. Do not trust them. C-Level spin masters control things, they control the message. Luckily, this time around at least we have this site where we can exchange some info (like this thread)
3 replies (most recent on top)
I am saying that it is tradition for companies to Layoff way more than they announce.
In February 2015 Halliburton said it was laying off 6% of its workforce. In the quarterly report 2 months later, they acknowledged it was much higher. This was during a time the industry thought prices would rebound by September. The same went for Schlumberger and others as well.
Google the story, find Their initial announcements in Early 2015. and then google news the quarterly report. The thing is, they planned on doing much more layoffs then they say.
having a reduction in workforce by a percentage just above 5 makes it seem like the layoffs won't be that bad.
The first Round of Layoffs are to be done by the end of the quarter.
what's your source?