It's (mostly) been an enjoyable experience. But, through no choice of my own, it's come time to leave.
"The impact of the strategic plan outlined today, and detailed in the annex to this press release, will lead to an anticipated focused reduction in employees of approximately 3,500, or an estimated 10 per cent of the workforce. This workforce reduction is expected to be substantially completed by year-end, and will be subject to completion of the appropriate information and consultation processes with the relevant employee representatives in certain jurisdictions, as required by law. The Company currently estimates costs of approximately US$300 million to US$400 million in connection with this work plan and is targeting annualized cost savings of approximately US$450 million to US$500 million. The details of this work plan and the timing of the financial statement impacts are expected to be finalized by the end of the third quarter of 2004."Our team had been working on a successful project, and yet our project was closed. The VP of our group claimed,
"Within our current business scope there is an envelope of affordability, in this particular case, that is directly associated with forward looking initiatives. Unfortunately not all projects could be accomodated within this envelope. As a result, there have been some project closures which have impacted the individuals working on those projects. It is this rationale upon which project priority based decisions were made and it pains me deeply that many talented people have been informed that their function at Nortel is being eliminated as a result, yourself included."To be brutally honest, I don't believe him when he states the rationale for closing projects. It's frustrating, but what can you do? Take the package I suppose.
So, if you know of a job for an experienced software engineer/system architect who's an expert in routing protocols, let me know :-)