#layoffrumor

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July & August layoffs?

I heard a rumor that there will be layoffs on July 15th, and then more on August 15th? Has anyone heard about this? Not sure if it's even true, or what departments.

Q2 earnings reports are expected to be on July 30th, so the July 15 layoffs would be ahead of that call. I overheard this information before the reports that the EU approval for the WBD acquisition is July 7th.


BT x Verizon (VBG) partnership / buyout / merger: what have you heard?

As someone in EMEA in professional services (cyber security consulting) at Verizon, we're hearing a lot regarding the potential for certain business units to be sold off to BT to boost their capabilities. What you have you guys heard? In EMEA it was looking like a collective dismissal first, but now it's looking more and more likely that a sell off will take place instead.


New rumor mill about token usage and cuts

There's growing chatter about people being cut due to less token usage.

If you weren't heavily using your copilot, it's being seen as "you're not growing" and "adapting" to new technology.

To me it's seems mo--nic,
It's another metric of punishing people who are efficient while people who used dev assist for simply changing a label on UI are being rewarded.


New round?

Noticed my LinkedIn page has been getting views from cognizant recruiters starting last week, so I’m guessing my time has come. Has anyone heard news on what’s coming first week of June?
Also, how does the transition to cognizant work, does our compensation change? Does your job grade have anything to do with the separation process?