Everyone needs to pay attention to this. Even though they have already let many people go, they are STILL working to make it EASIER to IRIF many more.
Still feel obligated to defend them? Still feel like you should "just keep your head down" and hope no one puts your name on "the list"?
This WILL affect you - either you will be part of the group that is let go, or you will be forced to take on additional work that the IRIF'd group previously did. Obviously being let go is the worst of the two options, but do you really want to stick around to do 2-3x the amount of work, for the same pay, with the threat of even more layoffs hanging over your head?
I've been here for many years so I know how hard it is to mentally make the decision that it's time to get out. I'm covered up in my work and work that IRIF'd team members used to do, so finding time - or the mental strength - to finish a resume, schedule outside interviews, etc, is tough. But with everything that's happened in the last 2 months I'm convinced they are only looking to boost the stock price and financial ratios for a sale/merger/consolidation/break up. I'm involved in discussions on projects that affect our group and others and the executive team will only look at projects that deliver results in the next 6 months or less. When their focus is that limited either the company is on its last breath, or they are preparing for a sale/merger/consolidation/break up. Do you feel comfortable working for a company in either condition? Look at everyone on the executive team - do you see anyone that has been part of a successful turnaround in the past? No - their experience is in sales/mergers/consolidations/break ups. Don't listen to what they SAY ("we're going to be a tech powerhouse")....look at what they DO (extreme cost cutting, thousands of IRIF's, no hiring occurring in "tech powerhouse" areas/groups/methodologies).
I'm thankful for the different roles and opportunities that this company has given me to allow me to provide for my family and put kids through school. But I do not have blinders on. The Xerox landscape is about to be drastically different, and not one that I think many people will enjoy, or be around to experience.
Couldn’t have worded it up better myself. A great and a very truthful post. Thanks, @Ws5iOL7-drf