Layoffs happening any day now

[Anonymous]

I work for a big company and layoffs across the whole company are ahead any day now. This sucks, dh said must be signs my company isn’t doing well as labor market is strong. Any other companies experiencing this as we approach year end?

[Anonymous]

lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

[Anonymous]

Anonymous wrote:lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

Layoffs are strategic, to suppress wages

[Anonymous]

Anonymous wrote:

Anonymous wrote:lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

Layoffs are strategic, to suppress wages

+1 And to get rid of over-paid employees who can easily be replaced with lower paid new hires in a month.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

Layoffs are strategic, to suppress wages

+1 And to get rid of over-paid employees who can easily be replaced with lower paid new hires in a month.

But the institutional knowledge…whomp, whomp, whomp.

[Anonymous]

Also depends a lot on your industry. If you are in health insurance, for example, your company is preparing for bad news on cost pressures or revenue reductions from enrollment declines (or lack of growth). That’s not ‘company is going down’ bad, just ‘stock price will take a hit’ bad. Layoffs signal to investors that earnings will stay in line.

[Anonymous]

I am a manager and we had layoffs this past week. I had no idea one of my employees would be let go. Position was eliminated without my knowledge. Employee asked me after they got the termination call, if I had any idea. I didn’t and wanted to be truthful and say no but had to keep to the party line and not answer. It was painful. In hindsite, what should I have said? Employee was a good worker just overpaid and business cost cutting reason for sure.

[Anonymous]

Layoffs happening again at my former job
Nobody's safe

[Anonymous]

Why don't you get your resume together and start apply to other jobs rather than waiting around for the other shoe to drop? All this hand wringing...just take control of your circumstances.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

Layoffs are strategic, to suppress wages

+1 And to get rid of over-paid employees who can easily be replaced with lower paid new hires in a month.

But the institutional knowledge…whomp, whomp, whomp.

doesn't matter .The economy sucks and it's the end of small business in America.

[Anonymous]

Anonymous wrote:

Anonymous wrote:lots of large employers have been doing layoffs, i dont think its necessarily a sign of the company foundering as opposed to the overall economy.

Layoffs are strategic, to suppress wages

And they overhired and overpaid in 2020-2022.

[Anonymous]

Anonymous wrote:I am a manager and we had layoffs this past week. I had no idea one of my employees would be let go. Position was eliminated without my knowledge. Employee asked me after they got the termination call, if I had any idea. I didn’t and wanted to be truthful and say no but had to keep to the party line and not answer. It was painful. In hindsite, what should I have said? Employee was a good worker just overpaid and business cost cutting reason for sure.

I would have told the truth. Being an employee does not absolve you of the need to behave like a human.

[Anonymous]

We've had some layoffs, and I know there are more coming. Culling employees, I think. The people impacted so far are senior (i.e. expensive) average performers. They can be replaced by cheaper people.

[Anonymous]

Anonymous wrote:We've had some layoffs, and I know there are more coming. Culling employees, I think. The people impacted so far are senior (i.e. expensive) average performers. They can be replaced by cheaper people.

Ie older workers, if you aren’t buddies with exec, get on chopping block.

[Anonymous]

Anonymous wrote:We've had some layoffs, and I know there are more coming. Culling employees, I think. The people impacted so far are senior (i.e. expensive) average performers. They can be replaced by cheaper people.

We're culling overpaid directors and above, underperforming salespeople, and people in areas like social media marketing