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> The writing has been on the wall for months though from internal comms What did the hints look like?
by photonbeam 4y ago
> The writing has been on the wall for months though from internal comms
What did the hints look like?
- rk06 4y agoCost cutting. Move to floating desk and reduction in building space. There were few more things. But the shift to floating seats was a big indicator that serious cost cutting is happening. And everyone guessed that layoffs are next. I am based in India. US folks would have seen different signs
- w0m 4y agoStock went from 350 to 250.
- mandeepj 4y ago> Stock went from 350 to 250 It went to 350 from 30
- JackFr 4y agoNot sure here, but in my experience no backfill hires for voluntary leavers is a pretty good warning.
- smugma 4y agoOther companies stopped backfilling a while ago but doesn't mean they plan on laying people off (and you can look at 2008-2010 for reference to see that some companies didn't backfill but didn't have layoffs). Not over-growing and then shrinking through attrition is one way to rightsize a company in tougher times.
- JackFr 4y agoAbsolutely - but absent corporate communications saying "Everything is great" or "OMG we're doomed.", it's a very relevant data point.
- thr0w4w4ymsft 4y agoPeople asking VPs about layoffs in public AMAs and getting answers to the effect of "it's our responsibility to make sure that we're right-sized for the upcoming year."