Severance packages have been drastically reduced, almost to the point of a "Two Week Notice" Speaking first hand here! If you're waiting for something special, hold your breath and don't be shocked.You may be offered soft assistance (job search, interview assistance, counseling, etc.), but the big bucks days are gone.
negotiations have started to bring sourcing levels in line with mckinsey recommendations of 95 percent
Shit, I regret not majoring in sports like basketball or football in college instead of IT. I could have became a sports star making big bucks.No worries about be outsourced. Now I worry where my next paycheck will be.
No, but those two idiots Rohit & Ikram are sure hanging around asking a lot of stupid questions. And most of them multiple times, almost like the answer is going to change.
MM has a $50MM task for 2019 - his BTS VPs each have $5-7 MM to cut on their teams. Open positions are being frozen or cancelled in 2Q already.
This affects so many families at the company. Many of them are honest, hardworking folks. IT is a critical backbone of any company. Thousand of employees rely daily on the availability of their enterprise apps and networks. This would be devastating for those that are cut but also those that depend on IT services. I only hope management would reconsider.
Layoffs are for short-term P & L gains - the pain will be felt by the business for years to come but, by then, the short-sighted executives would be gone for another company or role having banked big 'cost-savings' bonuses
It will also put a strain on those with families and/or those who depend on a second income. Although, the good news is, there are a plethora of low income, part-time jobs flooding the market thanks to our wonderful president, Don Trump!
At least Abbott shareholders can feel warm and fuzzy knowing that Executive Management has thoroughly done their due diligence and have not in any way put the company at risk with their sourcing decision. Oh wait. Nevermind. https://www.theinquirer.net/inquirer/news/3074244/wipro-hack https://www.msspalert.com/cybersecurity-breaches-and-attacks/phishing/wipro-breached/
