I am on the inside exec team and can confirm there will be a massive layoff this fall. The executive management team has finalized the practice areas that will be eliminated and all the employees in the mentioned practices.
Employees with skills will NOT be given an opportunity to transfer within the company, the entire business segment will be closed and all employees within must be eliminated.
It is like a titanic scenario in that if you were unfortunate to sail with that practice you will be forced to go down with the ship.
I will try to name the shutdown areas in another post but I’m afraid I may be under surveillance