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Layoff season
(lemy.lol)
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this post was submitted on 14 Jan 2024
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For my company, layoff season is traditionally Q4. I assume they do that so they can load all the expense in the year ending as a "one time" charge that they then subtract from the adjusted earnings, as if it never happened. And then do it again every year.
Unfortunately, starting last year in Q2, we seem to have moved to rolling layoffs. There's a high likelihood that my team will be reorganized twice in 9 months (while still implementing the last round). That will also be the 3rd round of layoffs in 9 months. My boss thinks I'm safe in the next round, but I'm doubtful.
I've been in your shoes. I hope you are interviewing. Your boss will not tell you the truth, but what you need to hear.
We got 3 rounds in the last 12 months. At this rate I'm expecting another by March.