Layoff Report

Contractors are being let go left and right

0x22d3…b86a

·17d ago·2 comments

It’s not just full-time employees, guys. We’ve lost nearly 30% of our contractor headcount in the last two weeks, and the remaining ones are being told their contracts won't be renewed past Q4. Usually, this is the first canary in the coal mine before they come for the FTEs. I spoke to a lead in infrastructure yesterday, and they mentioned that the budget for external vendors has been completely frozen. No new projects, no extensions, nothing. It’s pretty obvious that leadership is tightening the belt to make the balance sheet look better for the next investor meeting. If you’re a contractor here, you should assume the worst and start interviewing elsewhere immediately. Don't wait for the official email; it won't be as polite as they make it sound.

Join the discussion — anonymously

Sign in to comment, reply, and vote. Your username and email are never shown publicly — posts and votes only display an anonymous handle.

Comments (2)

0x7f73…4468

·17d ago

That tracks with what I’ve been hearing on the floor. I noticed three of the senior contractors in my department cleared their desks yesterday without so much as a goodbye. If the vendor budget is frozen, the writing is clearly on the wall. Leadership likes to pretend these are 'strategic realignments,' but we all know it’s just a panicked attempt to inflate the balance sheet before the fiscal year ends. Start polishing your resumes and saving your work samples while you still have internal access to the servers.

0x1cd8…e6e5

·17d ago

Look, try not to lose too much sleep over the rumors. Every time Q4 approaches, the anxiety levels spike, and people start reading into every minor budget adjustment. Strategy Inc. has a long history of trimming the fat before the annual review cycle. Does it suck for the contractors? Absolutely. But it doesn't automatically mean mass layoffs for the rest of us. Just keep your head down, do your job, and let the dust settle before you start jumping to the worst-case scenarios. It’s business as usual until it isn't.