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This could just be a coincidence, but the past few acquaintances I've talked to each said they recently took a new job in anticipation of layoffs at their old company. One of them was an engineer at GoPro and said he left because their stock price had plummeted so far and, being one of the new guys, he knew he would be one of the first laid off if there were layoffs. Same story with the other acquaintances I've caught up with.
Plus, there is a lot of news floating around about the first negative GDP growth for the U.S. in years, and the poor earnings numbers that are coming out from public companies.
If they are switching jobs out of fear of the economy, what makes them think the next ship is any better? Large companies lay people off as often as smaller ones. Hell, they lay people off regularly and just keep the top X%, then rehire/train and then cut whoever didn't make marks at next layoff.
So if they think it is going south, where exactly do they plan to escape to? Might as well stick where they know the job and wait it out. If economy goes down, outside of a few sectors, everything goes down too. And when money is their bottom line, well... the line just got tough for people
This could just be a coincidence, but the past few acquaintances I've talked to each said they recently took a new job in anticipation of layoffs at their old company. One of them was an engineer at GoPro and said he left because their stock price had plummeted so far and, being one of the new guys, he knew he would be one of the first laid off if there were layoffs. Same story with the other acquaintances I've caught up with.
Plus, there is a lot of news floating around about the first negative GDP growth for the U.S. in years, and the poor earnings numbers that are coming out from public companies.
If your friend is worried about being laid off first due to seniority, it was not smart to reduce seniority to 0 days.
He jumps straight to the front of line with 0 days for the layoff train, when the negative GDP and earnings hit now. He made it worse.
This could just be a coincidence, but the past few acquaintances I've talked to each said they recently took a new job in anticipation of layoffs at their old company. One of them was an engineer at GoPro and said he left because their stock price had plummeted so far and, being one of the new guys, he knew he would be one of the first laid off if there were layoffs. Same story with the other acquaintances I've caught up with.
Plus, there is a lot of news floating around about the first negative GDP growth for the U.S. in years, and the poor earnings numbers that are coming out from public companies.
I'd NEVER leave a company if I had the chance for a lay off. Imagine calmly looking for a job, or having an interview and being calm and relaxed instead of scared that you may make one misstep that kills your chance at it.
Good Grief, a layoff is NOT something to be frightened about....
Being the brand new guy, means he gets purged first when it tanks. Last hired, first fired.
Not necessarily. The brand new guys usually make a lot less than the 30-year veterans. Many companies will do early retirement buyouts and keep some of the cheap, young newbies who are making half as much. In lots of cases, the starting salaries for the new people has gone down and raises might not be as good as they used to be, so laying off the high-paid workers might make sense financially.
Not necessarily. The brand new guys usually make a lot less than the 30-year veterans. Many companies will do early retirement buyouts and keep some of the cheap, young newbies who are making half as much. In lots of cases, the starting salaries for the new people has gone down and raises might not be as good as they used to be, so laying off the high-paid workers might make sense financially.
You are confusing job seniority with salary.
My dept just started two new people on Monday, 55+ yr old guys for senior developer roles and they are paid more than our jr guys that have been here for 2 years. We pay our senior guys 100k plus 10%.
Our jr analysts that were hired fresh out of college. They have 2 years office seniority more than the new guys, but they are making $60k. That's 40% pay cut vs the new employees with 5 days of employment.
One of newer employees makes more than 95% of the company, when we hired a new C-Level executive. New employment does not equate to lowest paid employee.
OP's friend went from one job to the next. If he took a pay cut to be in a lower salary band, more power to the guy. It's good for him to take a lower salary for potentially longer employment.
Last edited by move4ward; 04-30-2016 at 06:41 PM..
Plus, there is a lot of news floating around about the first negative GDP growth for the U.S. in years, and the poor earnings numbers that are coming out from public companies.
Exactly, the US economy is rotten and jobs are disappearing!
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