Bought a company for a huge chunk of cash that provides zero revenue, and won't for years.
Which teams are impacted ?
Any idea when communication will be sent out for effected employees?
i'm thinking the 24th
Target was 15% of payroll. It turned out to be 20% headcount. They only removed handful of VPs/Directors, kept nearly all of them. Which means they decimated ICs. Management nearly makes up 1/4 of the company now. Soon, we'll be having management share reports to keep all of these managers with jobs. Or give up pretending they're managing anything, and let them keep the title while continuing to do zero work.
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