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Comments (2)
The red pen is definitely hovering. I’ve been through three of these cycles at Public Storage now, and the 'efficiency' buzzwords are always the precursor to a layoff announcement. When new project approvals freeze and budget items get slashed, it means leadership is clearing the decks to make the quarterly numbers look better for investors. If you’re in a support role, update your resume this weekend. Don't wait for the calendar invite from HR; the writing is clearly on the wall for the corporate side.
It’s exhausting hearing the same corporate script every earnings season. Honestly, the atmosphere has been tense for a while, but the lack of project approvals is a major red flag that something deeper is happening behind closed doors. Management loves to frame these cuts as 'optimizing our resources,' but we all know it means more work for the people who remain. Just keep your head down, do your job, and don't get too attached to current workflows because things are bound to shift drastically within the next month.