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My team already had a manager switch to IC because we couldn’t get any more HC. On our side I don’t know how much more blood they’re getting from the stone.
The announcement also includes a statement about reducing management to IC ratio by 15%.
This is 100% voluntary layoffs.
A friend of mine who works there said that there is a non-zero chance a number of managers will be told to go back to being an IC or take a severance.
My team already had a manager switch to IC because we couldn’t get any more HC. On our side I don’t know how much more blood they’re getting from the stone.