Could be sooner than September/October, but I've seen October layoffs at other places. I think management favors Q4 because it only affects the last quarter of the year and once the year is over they don't have to talk about it much. Plus, it can make the next year over year comparison look good. October is better than November or December because they don't want to be seen as terminating people around the winter holidays. On the other hand, Met's strategy seems to be to dribble the terminations out, flying beneath the WARN radar and avoiding press.
Both CEO and CFO sent out messages same day.
CEO said employees would be treated respectfully and fairly and would like to get reductions by normal attrition. That's nice. But folks long tenor folks with good pensions, good pay, and good benefits aren't going to leave voluntarily.
CFO said grows will occur in Warsaw, Poland, Kuala Lampur, Maylasia and Noida, India.
Cost initiative boils down to sending work to non-USA locations as much as possible.
Lot's of high cost labor in NYC, but they seem untouchable. Will be interesting to see what happens.
Originally posted by @UtbYKJE-8zci in another thread, bumped for good info.