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Layoff Report

Is the Stamford office downsizing for good?

2E
0x2e8f…59bc
·3d ago·1 comments
Does anyone know if this is the end of the cuts for the Stamford hub, or are we looking at another round in Q3? Management keeps talking about 'operational efficiency' and 'streamlining,' but it feels like the same old story of cutting heads to make the quarterly numbers look better for the shareholders. 140 people gone in one swoop is a massive hit for that office. I’m hearing rumors that some departments were wiped out entirely, while others are just being asked to 'do more with less' indefinitely. If you were impacted, did they offer any real severance or just the bare minimum? It’s getting hard to trust the long-term roadmap when we hear about these WARN notices every few months. Really feeling for everyone who got the email on the 20th. Stay strong out there.

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Comments (1)

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0x317a…a7a2
·3d ago

Don't hold your breath waiting for an update from leadership. They love throwing around buzzwords like 'operational efficiency' while the people actually doing the work get the boot. If history is any indicator, these rounds never stop at just one. Once they realize they can force the remaining staff to double their workload without a pay increase, they’ll start looking for the next group of numbers to trim. Expect more 'streamlining' in Q3—it’s just how they protect the stock price while the rest of us deal with the fallout.