Thread regarding Infinity Insurance layoffs

Infinity has reduced their workforce

This is the 2nd time this company has reduced their workforce prior to the Holiday season.

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Post ID: @OP+VVLNO8m

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End of q3 is not 10/31 lol ... but I get the idea. Maybe this was to apply for q4?

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Post ID: @4rjp+VVLNO8m

These reductions will typically happen near the end of quarterly earnings periods. They want to show the shareholders they are serious about cost savings during this buyout. Notice how these employees last full day was also the last day of Q3 (10/31).

They will most likely do small waves each quarter until they are satisfied with the numbers. Having one big layoff at once could cause disruption to business operations.

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Post ID: @4pln+VVLNO8m

I was a little surprised since IT had so many job openings. Do you think there’s another wave at the beginning of the year?

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Post ID: @2qwe+VVLNO8m

**This was one of many workforce reductions to come.

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Post ID: @2xhf+VVLNO8m

This was one my many workforce reductions to come. Nobody should be surprised. This always happens when a company is bought out.

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Post ID: @2ifw+VVLNO8m

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