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Even you are not among the 20% who got laid off, but your workplace is going to be very crazy because people who are still there will have their workloads to be increased tremendously. And many people may quit, and the ones who stay will have more and more work added on. The employer's not going to, or not able to, find replacements so fast. They want to play game to wait and see if they could "save" money or make more profits by laying employees off and could work things out with less and less employees.
Yeah, I'm in sales, so in a way it's good for me. Can't have too many leads.
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Originally Posted by BobNJ1960
80% should immediately start job hunting.
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Originally Posted by move4ward
It's time to move on with such a large cut.
I worked at 2 corporations that laid of 20% of the staff.
Within 1 year, one company failed and laid off everybody.
The other company's assets were sold to a new buyer, who laid everybody except for one dept. The lone department had a special niche that the buyer needed.
Most people did not get a severance package, unless they were in executive management.
I'm starting to look, but as stated above, with more leads it is a good development, short term. But like I had stated, one minute you get a frenzy of "did you see that email, wonder who's leaving" and before you're able to respond they're deactivated. 21st century stuff there.
Start looking right now, you have the perfect reason if anyone questions why you're looking after less than a year, be blunt and tell them what just happened.
Best of luck.
Thought that too. Great excuse, one of the ones that got laid off went straight to LI and changed her sig (or whatever) to "position eliminated, looking"
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Originally Posted by jobaba
Says the good people of CD forum.
Stick around awhile and see how many people post in threads about leaving a job for no other reason than the slightest pay bump. How job hopping earns you more $. About getting their market worth.
Granted, nobody knows the greed of corporate management better than I do. They'll try and squeeze every ounce our of their employees.
But there's no need to show loyalty to employees who will leave at a moment's notice.
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Originally Posted by jobaba
It's the fault of conservatives and corporate greed in general that we don't have things like universal healthcare. So, let's get that out of the way first...
Everything is cause and effect. Don't think that employees having zero loyalty these days has no bearing on companies also showing little loyalty.
Also, if you have a job where you perform a necessary function, it's that much harder to lay you off.
When jobs become just a 'mechanism' to pay your rent, and healthcare premium, it's a problem. If people focused on finding meaningful jobs, instead of 'making as much as possible before retirement' then it'd be a completely different system.
I don't know why this has to be political, but I already pay way too much in taxes so drop that.
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Originally Posted by pittsflyer
I looked into bankruptcy laws and cases and from what I read it was not so cut and dry when the rubber met the road. Typically the bankruptcy would destitute you so you had nothing left or very little and thus no seed money to start again in a realistic time frame. This then forced your hand to dawn the paper hat ... maybe I’m wrong and I hope I am but realistically I don’t think it’s as easy as you make it sound.
Also if you have a few hundred k that is generating you 1k a month to cover living expenses and avoid dawning the paper hat is that principal at risk in a bankruptcy?
Because our society allows degrees professionals to fall to the bottom of maslows pyramid and dawn the paper hat you will see much less risk taking.
Thought that too. Great excuse, one of the ones that got laid off went straight to LI and changed her sig (or whatever) to "position eliminated, looking"
I don't know why this has to be political, but I already pay way too much in taxes so drop that.
All topics relating to work and employment in the negative are inherently political. If it wernt there would be no city data and instead warring tribes.
Blame the freakin' government worker I had to call literally 15 times this month to get him to schedule me for construction work (something that takes him 5 minutes) and whom probably makes $115,000 a year.
Who probably spends his day on Facebook and on this very forum responding to your posts rather than doing his job.
I think if you're going to lose your job, it'd be better for it to happen in the course of a workforce reduction like that (likely caused by financial problems of the company) than in a situation where they pick you out individually to can you.
I think if you're going to lose your job, it'd be better for it to happen in the course of a workforce reduction like that (likely caused by financial problems of the company) than in a situation where they pick you out individually to can you.
I would agree with this.
Another story. My friend worked for a tech company. One day, they asked for half the staff to head to the gym, basketball court. Then they said "congrats you made it, everyone not here, we are in the process of firing."
I'm gonna ride this out a bit, as they can't fire anymore sales guys.....for now.
Companies do lay people off when they realize that what they're paying for no longer justifies what they're getting.
Companies lay off people because the CEO and executives get bigger bonus checks. The top brass screws up, makes big mistakes and oops, they have to punish the rank and file with layoffs. But at least the top brass gets a bump in their bonus checks.
This is what happens when top management stop being stewards of a valuable thing and just use the company as their own personal piggy bank, to be looted.
Google "The Gervais Principle" for more details.
If the top brass were actual stewards of a valuable thing, they would be making long term decisions, and making decisions that ensure the stability of the company for years to come. Layoffs may help the company in the short term, but in the long term, it deprives them of the talent they need.
As soon as layoffs are announced, the top talent bolt for the door. Even if they're not on the layoffs list. So yeah, they cut the payroll of people who may NOT be justifying their pay, but what happens that people who ARE valuable are also cut - whether by layoffs OR by them jumping ship when layoffs are announced.
It makes sense to value your people. J.W. Marriott and Richard Branson treat their people great, and they became insanely rich by doing so. That's because they're not sociopaths.
And everyone is agast that socailism is taking root.
Every time politicians screw up by crashing the economy or other ways, the socialists use this to push their bid for accumulating power.
They don't want to help people, they just want to enrich themselves and their cronies.
For example: Food stamp program. Ever wonder why this welfare program is administered by the Department of Agriculture? Because of who was lobbying for food stamps - it was not the poor, it was the rich farmers, grocery stores, grocery distributors - all bought the politicians and now we have food stamps - with a huge amount of cronyism as part of the deal.
Socialism requires big government.
As government gets bigger, politicians get more power. They get more power, so they have more power to sell at the highest bidder.
Remember this: Who do you think the politician listens to? Their constituents or the people who bought $50,000 plates at their fundraisers?
Big government = more crony enriching.
Socialism does not take root because people got screwed by corruption in the private sector. Socialism takes root because of corruption PERIOD.
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