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The Water Cooler
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Tech Layoffs Coming Tidal Wave - The Tracker
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<blockquote data-quote="OKRuss" data-source="post: 3959606" data-attributes="member: 41777"><p>Email received earlier today. It mentions officers/directors but figure the trickle down will hit us who are below director soon. Can't fathom the $$ spent on severance packages and 'buyouts' of the execs.</p><p></p><p>Team,</p><p>As you know, we have embarked on a transformation effort to create the world's most flexible, efficient, and intelligent supply chain for our customers. This process is critical to ensure we remain competitive in a rapidly changing environment, and it requires some difficult decisions.</p><p></p><p>Today we are in the process of informing a number of team members across our global enterprise that their positions have been eliminated as we reduce the size of our officer and director team by more than 10% and consolidate some teams and functions.</p></blockquote><p></p>
[QUOTE="OKRuss, post: 3959606, member: 41777"] Email received earlier today. It mentions officers/directors but figure the trickle down will hit us who are below director soon. Can't fathom the $$ spent on severance packages and 'buyouts' of the execs. Team, As you know, we have embarked on a transformation effort to create the world's most flexible, efficient, and intelligent supply chain for our customers. This process is critical to ensure we remain competitive in a rapidly changing environment, and it requires some difficult decisions. Today we are in the process of informing a number of team members across our global enterprise that their positions have been eliminated as we reduce the size of our officer and director team by more than 10% and consolidate some teams and functions. [/QUOTE]
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