I think it was announced that 6% of the total workforce will be let go - this was a few days ago. There is a lot of anxiety here right now as people do not know who will be affected and how many people will be affected in each group. The execs did make a statement, but they never told us what geographic distribution will be applicable here and what kind of criteria for layoffs will be applied - for example, are low performers going to be targeted, what makes you safe etc. From the timing perspective, I think we are taking Q1 2015 as it relates to layoffs but it can be a bit longer that that. Finally, I am in Buffalo and I can tell you that many folks are getting their resumes ready and want to jump the ship before the disaster strikes and pink slips start flying. But, where to go as there are not many jobs available now and it'll be very difficult for every person that gets laid off now.
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Who is affected? What groups? What levels?
Forgot to say, I have no insider info here, this is all based on my gut feeling