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Regardless, they could decide to postpone the layoffs until after the holidays. This is a total scrooge move.
There may be other reasons like financial accounting or Unemployment, Scrooge notwithstanding.
When I worked in manufacturing, granted 40+ years ago, Christmas layoffs were the norm as they were whenever there was a contracted raise. Those two times plus, oddly enough, the 4th of July.
Companies always layoff at the end of the year, if they are going to layoff..it's a budget thing. The holidays have nothing to with it, that's simply a coincidence.
Companies always layoff at the end of the year, if they are going to layoff..it's a budget thing. The holidays have nothing to with it, that's simply a coincidence.
There may be other reasons like financial accounting or Unemployment, Scrooge notwithstanding.
When I worked in manufacturing, granted 40+ years ago, Christmas layoffs were the norm as they were whenever there was a contracted raise. Those two times plus, oddly enough, the 4th of July.
Quote:
Originally Posted by wanderlust76
Companies always layoff at the end of the year, if they are going to layoff..it's a budget thing. The holidays have nothing to with it, that's simply a coincidence.
Quote:
Originally Posted by BobNJ1960
correct.
Want to start 2018 with revised cost structure.
The one offs like severance get charged to 2017.
Do all companies' fiscal years follow the Julian calendar year?
If liberals are outraged it's a win for America for sure!
If this happened just over a year ago the Democrats would be jumping for joy and praising Obama
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