New wave of layoffs?
This week: LinkedIn layoffs off 600-700. Qualcomm is laying off 1200. Waymo laid off. Nokia announced it will layoff 14000. Ericsson is also laying off. Is this another wave?
Yes... It makes sense in terms of timing. If the company wants to offer severance through the end of 2023 or "through the holidays" and doesn't want to break the news via WARN, then the second half of October is when the layoffs occur.
Can you elaborate on the second part - what is WARN?
WARN is a California law where large companies have to warn employees in advance at least 60 days
Yes
yes. Big ones coming again to FAANG/MAANG
Keep supporting Ukraine and wear that blue yellow thing...
Which ice cream flavor?
Adobe did not layoff
Lots of silent layoffs and pip driven firing
VMware’s upcoming layoff will make these look like a joke in comparison
How so? 😨 y’all aren’t doing great?
I think he is talking about the upcoming Broadcom acquisition
Qualcomm 1200 is CA only.
Layoffs have been constant since Q2 2022, it's just most of them were not the big brand names. Layoffs will continue until interest rates start falling which is unlikely to happen in the near future with oil prices rising.
Good chance msft drops some soon too similar to Oct 2022
a week before/week of thanksgiving is the time. Then a week before Christmas
Yes