Condolences to the HV employees given notice today. Please share your severance package details. This is the first of 3 rounds. Next will be October-November timeframe (after Next). Lots of layoffs going around right now; We'll try to help with referrals.
Early package details include specific termination dates (some in December, April, May, etc.) and a severance amount equal to two weeks pay for every year of service. No severance payout if you leave before your term date.
Do you know what departments were impacted?
Vantara IT Shared Services in Santa Clara was gutted. Englewood also hit but not as severely. Expect expansion in Krakow and Hyderabad. Edit: This will end up being much more than 10%. Expect similar at US-based HCC locations over the next months.
Any specific reasons behind this ?
Any other departments impacted?
This will be far reaching. It was only day 1. More tomorrow and next week. Will continue to update as it happens.
Guessing the big round will wait until after Next in October
Wow, on ly 2 weeks for every year of service. In the past there was a decent package and a couple of months 'garden leave' so you had time to find a new position either inside or outside the company. Any information on the how the merger with HCC will impact both companies? They are keeping this very quiet.
Directors and above were given garden leave + the service severance. Some (*not all*) of those chosen to stay behind are given retention bonus agreements.
The 2 weeks per year is with minimum of 8 weeks and max of 40 weeks. Everyone gets the 1 month "garden leave", not just Directors +.
They've just emailed everyone about the layoffs... And providing onsite counseling for stress. Finally getting some official word
Really, I didn't get any email. Was this only for certain divisions ?
@op, I hear there's been lot of turbulence in HR department. What's the situation now like ?
Afaik.. more layoffs coming next week and week after
Seems that Europe is also strongly
affected. Currently not clear if this is related to Prof Services and Global Delivery only.
Tech Industry
3h
621
I wish I were East Asian instead of Vietnamese (Southeast Asian)
Tech Industry
Yesterday
3518
ByteDance is officially fucked
Tech Industry
4h
1685
Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
AMA
Yesterday
2170
I’m a professional coaster AMA
Tech Industry
Yesterday
2398
TESLA UP 14% AFTER HOURS 🎉🎉🎉🎉
Thank you for posting this. Recently there was someone offering referrals for this company.