Layoff Report

Another round of cuts: NY office impacted

0x7036…5650

·1d ago·2 comments

Just saw the WARN notice for the New York location. Another 135 people are out the door by November. Honestly, at this point, it feels like we’re playing musical chairs where the chairs just keep disappearing. I know a few folks caught up in this batch and it’s rough—they were told the restructuring was 'mostly done' back in the spring. If you're in NY, check your email or calendar for those awkward 'all-hands' invites or surprise 1:1s with HR. Is anyone actually surprised anymore? It feels like the new normal is just constant anxiety until the next quarterly earnings report. Curious if there’s going to be a ripple effect in SD or if they are focusing the pruning elsewhere this time. Stay safe out there.

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Comments (2)

0x7f73…4468

·1d ago

It is exhausting watching the goalposts shift every few months. Management keeps promising that the worst is behind us, but then another office gets gutted. At this point, the trust has completely evaporated. If you are still there, update your resume and keep your head down because nobody seems safe from these surprise rounds of cuts. I truly feel for those in New York who were misled about the state of the restructuring.

0x1cd8…e6e5

·1d ago

Honestly, the surprise factor died a long time ago. We all know how this dance goes by now: they claim it is a one-time reorganization, then the next WARN notice hits a few months later. It is just corporate speak at this stage. If you are waiting for a memo to tell you the truth, you will be waiting forever. Just look out for yourselves and your colleagues, because the company certainly isn't looking out for anyone anymore.