This is just ramping up. Q3 is going to be a bloodbath.
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Engineers or which?
It is not performance. Possibly location. Two of the best were let go last week. No explanation why. Nobody is safe.
hear hear
Example here and many more of what all tech trend is doing to reduce costs quickly because forecasts for enterprise spending has slowed down.
https://www.thelayoff.com/t/KkhQHfd
How many left in BUR? I sense a consolidation in the future. Reductions to get to smaller teams easier to move. Company reportedly lowered guidance for 2017. Not a good sign no matter how much cloud growth. It's all through acquisitions and having to take bonds to raise money. They have also been doing buybacks which effectively supports stock price while and when profits slide. HW will be hit again. Systems sales is going to hurt especially with newer sales strategy. And showered enterprise spending on IT. NetSuite purchase will create internal competition as well be ready for layoffs in those areas to be substantial. Keep up posting RIF locations and BU with numbers. They count on this information staying under the radar. As can be seen in the posts at least couple thousand let go in a matter of two months. That's only those that posted there have been many more.
Some in BUR also
Performance issue? Or what's rationale?