Huge Layoffs Coming in October 2024

[anonymous]

The layoffs will start from next week with each business line having a different target (combination of eliminating open headcount and workforce reduction). The range is between 10%-25% based on business line. Lot off work is being done for last 8 weeks under the umbrella of cash flow optimization. I am very surprised that so many folks are completely unaware of what is happening in the company… probably they drank company koolaid for so long .. read John Walk commitment to the market (about 5 Billion reduction in operating expense )

10-25% layoffs isn't possible

 

[anonymous]

Bro is trolling, there's no chance they'd cut that deep. Execs I've talked to said up to 20% budget cuts on each team, not 25% layoffs. That means subscriptions, contractors, personal expenses, etc. There's just no way what you're saying is possible.

How about cvm? Seems like it could be worse. A lot of top management bailing.

 

[anonymous]

The layoffs will start from next week with each business line having a different target (combination of eliminating open headcount and workforce reduction). The range is between 10%-25% based on business line. Lot off work is being done for last 8 weeks under the umbrella of cash flow optimization. I am very surprised that so many folks are completely unaware of what is happening in the company… probably they drank company koolaid for so long .. read John Walk commitment to the market (about 5 Billion reduction in operating expense )

#fact

 

[anonymous]

Bro is trolling, there's no chance they'd cut that deep. Execs I've talked to said up to 20% budget cuts on each team, not 25% layoffs. That means subscriptions, contractors, personal expenses, etc. There's just no way what you're saying is possible.

Agree. Top line budget cuts may be more accurate. But big part will be HC.

 

[anonymous]

Bro is trolling, there's no chance they'd cut that deep. Execs I've talked to said up to 20% budget cuts on each team, not 25% layoffs. That means subscriptions, contractors, personal expenses, etc. There's just no way what you're saying is possible.

Auris laid off almost 300 people in 2023. Who knows how many people they had before the layoff. Over 1000? You can check the CA Warn reports... Anything is possible.

 

[anonymous]

KT & JCP

Juan Carlos was a complete idiot, was a joke as a NSD did not understand sales and only sucked up to KD

 

[anonymous]

And now Katie Devine is leaving.

Katie Devine leaving is the best thing to happen to CVM, screwed the business bad before leaving though!

 

[anonymous]

CVM shit leaders all going.
When will the call come?

lol shit is right for JC, self-centered prick only cared about himself and never his team

 

[anonymous]

Is this date confirmed? What exactly will happen and what is the process?

Will be earlier, last week of September

 

[anonymous]

Will be first or second week in October.
Paying out WARN period in severance so doesn’t have to be done prior to Q4.

 

[anonymous]

It will be next week. Invites have been sent out to block BUHR calendar.

 

[anonymous]

It will be next week. Invites have been sent out to block BUHR calendar.

What is BUHR? When should we expect news?

 

[anonymous]

Will North America Vision experience layoffs?

 

[anonymous]

Will be first or second week in October.
Paying out WARN period in severance so doesn’t have to be done prior to Q4.

What does that mean? If early October wouldn’t that be published by now?

 

[anonymous]

What does that mean? If early October wouldn’t that be published by now?

sure, dummy

 

[anonymous]

What is BUHR? When should we expect news?

I’m going to guess Business Unit Human Resources

 

[anonymous]

Can you be laid off if you are not displaced in the cuts and restructuring? I.e. your role still exists

 

[anonymous]

Crazy that so many of you have inside information. Where are you getting this intel from? Who is your source or is it rumors you’re hearing and passing along here.

 

[anonymous]

Nothing happening.
Usual rumors & BS put out by people who know nothing and are enjoying being fear mongers.

 

[anonymous]

Gonna be fake til you lose dat job. It’s happening.