About a month ago, rumors started circulating around my office that the company was going to layoff a bunch of employees. The rumors speculated from 10% to 50%. Some said it would be parts of every team, and others said it was mostly management who would be cut. Last week, the buzz focused on November 29th, right after third quarter results were announced.
The earnings release last Tuesday (November 27th) did indeed announce headcount cuts of approximately 400 employees by the end of Q4.
When I went into the office the next morning at 7:30, my manager came by and asked me to go with him to a conference room. I tried to tell him I was very busy and couldn’t do that (comic relief?), but followed him with a pounding heart. The first thing he said after we sat down was, “You have a job.” I dropped my head down and said “Thank you!” But my heart was heavy because I knew not everyone would get the same message. He then told me to pack up and go home for the day. They didn’t want those who were being retained to be around while they gave the news to the laid off employees. I wasn’t allowed to speak to anyone before leaving.
Later that afternoon, I got an email from a co-worker letting me know that at least six mask designers had been let go. I didn’t hear from anyone else that day. When I went in the next morning, I found that eight out of fifteen MDs had been laid off, and about half of the engineering team. Our entire Arizona office lost nearly 100 employees.
Have you heard of “survivor’s guilt”? That’s what I’m feeling. I’m so glad to have my job, but heartbroken for those who lost their jobs right before Christmas. One manager said it was the hardest day of his career to have to let so many of his employees go. Many have large families to support, and bills to pay, and health insurance needs. There was a severance package given which will get them through a month or two, but I’m sure most will be scrambling for work anywhere they can find it.
The dynamic in the office has changed significantly. Organizational changes were announced yesterday. We have now become a support organization to the project teams in Santa Clara. I still report to my same supervisor — for now — but we report up into a different manager and department.
Some are speculating that these cuts may not be all and that by the end of next year, we could be down even more. I suspect there will be some voluntary attrition, as some people won’t like the new structure. As for me, as I said before I’m thankful to have my job and I’m willing to do whatever they want me to do for as long as I can.
My prayers go out for my friends who didn’t get that choice.