They’ve done it before. They’ve completely cut an entire satellite office (link below) and an entire department from a failed experiment (home loans / mortgages) Check out this post! "Layoffs @ Capital One (Layoffs)" https://us.teamblind.com/s/vAhXuJF2
All companies do that in a lay-off. All the companies currently doing lay-offs give at least 60 days severance because IT’S ACTUALLY ILLEGAL NOT TO. It’s a CYA maneuver for the WARN act. Usually when the RTO occurs, it’s also difficult to find a proper new role within the company, which is why they don’t end up doing that. Maybe you would see more effort going into internal role applications if the above mentioned lay-off happened at the bottom of a recession, but thank god for them that’s not what the situation was
why didn't tesla gave severance 🥲
As likely as msft
Doesn’t Microsoft have, like, yearly mass re-structurings? 😂 Satya seems like such a chill dude, but omg, I’ve heard some serious drama from those
So the annual reorgs don't hit devs and tech folks nearly as much as sales folks. It's usually not a large concern for majority of people. Satya is brutal. Man laid off 15K+ folks in 2014 and I am sure thousands will be gone in coming recession. Msft is also very quick in laying people off.
I want to get laid off
I like you
I have an offer in card tech for software dev
Omg why
Very unlikely . Business is doing well and we are still hiring for full time roles . card tech is very safe In my opinion . We are very risk averse and the data we have seen so far is in line with our expectations. So all in all , I would say a 5 -10% chance of layoffs ( edge case ) if economy deteriorates rapidly.
Not at all If there are layoffs we will close contractors roles first.
Easily if your work doesn’t bring them revenue
That’s what happened with their home loans department. It was a failed experiment in entering a new debt market.