“There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning,” Licht wrote in October. “All this together will mean noticeable change to this organization. That, by definition, is unsettling.”
“These changes will not be easy because they will affect people, budgets, and projects,” he added.
Licht again warned his staffers that layoffs were expected during a town hall he held in November in which he announced the next round of layoffs would come as early as the first week of December.