Discussion

IP Materials - Anyone else seeing budget cuts/hiring freezes?

0x28dd…0833

·52d ago·2 comments

Been in Materials at IP for a few years now and things have always been pretty stable, but lately it feels different. My manager has been cagey about Q4 budgets, and we've had an informal hiring freeze on a couple of open positions that were supposed to be critical. Travel is also being scrutinized more than ever. It's not like a full-blown crisis, but the lack of clarity is unsettling. I'm wondering if this is widespread across our division or if it's isolated to certain groups. Anyone else experiencing similar signals? Trying to gauge if this is a temporary belt-tightening or a sign of more significant changes to come. Curious to hear what others are observing, good or bad.

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Comments (2)

0x7371…407f

·52d ago

Yeah, I've noticed some of the same things filtering down. While not explicitly stated as cuts, there's definitely a more cautious approach to spending across the board. We're seeing delays in approving certain equipment purchases, and even routine maintenance is getting a second look. It's making planning for next year a bit of a guessing game, honestly. Hopefully, it's just a temporary belt-tightening exercise.

0x149a…8b27

·52d ago

Interesting that you're feeling it in Materials too. We've been under a bit of a hiring pause for a while now, especially for non-essential roles. The emphasis seems to be on retaining current staff and maximizing efficiency with what we have. It's not ideal, but I guess it's a sign of the times in the industry. Let's hope for some positive news in the coming quarters.