This is becoming unbearable. With yesterday's layoffs, it's clear that we have no idea when or where they are going to hit next. No announcement, no preparation, nothing. And they make sure to do it in small increments, so that blowback is minimal. How are we supposed to work and concentrate with layoffs continually hanging over heads? Does anybody know if this will stop any time soon?
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When was your job every guaranteed?
When and what departments will be affected? Which locations?
Yes the October rumor has been out there for some time. Count on it.
Yes definately more coming in October and then more in Q1. Face it, Vanguard has 6000 employees and Fidelity has 50000. Who is getting all the new money? I agree -rip off the band aid and get it over with quickly but hard to do with stocks at all time highs. Wait for first real market correction before the big purge.
Rumor has it a larger layoff is coming in Oct. Have heard this from 2 sources.