> so you'll be amazed how often RIFs are telegraphed to anyone who's paying attention
Indeed.
In this Mid-cap company that I mentioned, I used to participate in the earnings call; and the difference in tone and posture of our CFO and CEO with investors and with us employees were abysmal.
The scenario was: during 8 months the company went from U$ 160B to U$ 11B.
With us employees in the all-hands was all positivity, mental health tips, a bump in the road, keep pushing for the objectives, and even a Christmas dinner.
During the earning calls, promises of cutting costs, flattening, hiring freeze, and institutional investors openly calling for layoffs.
2.5 months later first round of layoffs, months later a goal to reduce 25% costs in GCP, and after 2 months another round of layoffs and RTO of 4 days a week.
Indeed.
In this Mid-cap company that I mentioned, I used to participate in the earnings call; and the difference in tone and posture of our CFO and CEO with investors and with us employees were abysmal.
The scenario was: during 8 months the company went from U$ 160B to U$ 11B.
With us employees in the all-hands was all positivity, mental health tips, a bump in the road, keep pushing for the objectives, and even a Christmas dinner.
During the earning calls, promises of cutting costs, flattening, hiring freeze, and institutional investors openly calling for layoffs.
2.5 months later first round of layoffs, months later a goal to reduce 25% costs in GCP, and after 2 months another round of layoffs and RTO of 4 days a week.