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Comments (2)
Seen this movie before at the main site. Whenever they start pulling badges this aggressively before the project is even half-finished, it’s a clear signal that the corporate office is panicking about the quarterly bottom line. They are looking to slash operating expenses wherever they can to keep the dividend attractive, and unfortunately, the contractors are always the first ones on the chopping block. Don't expect any transparency from management, they’ll keep selling the 'maintenance cycle' narrative right up until the layoffs hit the permanent staff. Watch your back if you’re next in line for a review.
It’s not just a maintenance cycle. Anyone who has been here long enough knows that when procurement starts tightening the purse strings this hard, the budget deficit is much worse than they are letting on. They are desperate to balance the books and are sacrificing efficiency for short-term gains. If they are dumping all the contractors now, the core employees are likely next on the list for 'restructuring' or 'voluntary' exits. It’s an ugly time to be in the industry, and frankly, I’d be looking for a new role before the ship fully starts to sink.