They must really need another round of layoffs without severance.
Exactly this.
The announcement also includes a statement about reducing management to IC ratio by 15%.
This is 100% voluntary layoffs.
A friend of mine who works there said that there is a non-zero chance a number of managers will be told to go back to being an IC or take a severance.
My team already had a manager switch to IC because we couldn't get any more HC. On our side I don't know how much more blood they're getting from the stone.
Board and executives must be crying for more yachts and avocado toast.
They must really need another round of layoffs without severance.
Exactly this.
The announcement also includes a statement about reducing management to IC ratio by 15%.
This is 100% voluntary layoffs.
A friend of mine who works there said that there is a non-zero chance a number of managers will be told to go back to being an IC or take a severance.
My team already had a manager switch to IC because we couldn't get any more HC. On our side I don't know how much more blood they're getting from the stone.
Board and executives must be crying for more yachts and avocado toast.