Anonymous
Post 10/08/2023 18:47     Subject: Layoffs happening any day now
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
Anonymous
Post 10/08/2023 18:44     Subject: Layoffs happening any day now
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
Post 10/08/2023 14:59     Subject: Layoffs happening any day now
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
Post 10/08/2023 14:40     Subject: Re:Layoffs happening any day now
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
Post 10/08/2023 14:18     Subject: Layoffs happening any day now
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
Post 10/08/2023 13:46     Subject: Layoffs happening any day now
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
Post 10/08/2023 13:40     Subject: Re:Layoffs happening any day now
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
Post 10/08/2023 13:25     Subject: Layoffs happening any day now
Layoffs happening again at my former job
Nobody's safe
Anonymous
Post 10/08/2023 12:39     Subject: Re:Layoffs happening any day now
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
Post 10/08/2023 07:32     Subject: Layoffs happening any day now
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
Post 10/07/2023 23:43     Subject: Layoffs happening any day now
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
Post 10/07/2023 22:02     Subject: Layoffs happening any day now
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
Post 10/07/2023 22:01     Subject: Layoffs happening any day now
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
Post 10/07/2023 21:30     Subject: Layoffs happening any day now
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
Post 10/07/2023 19:58     Subject: Layoffs happening any day now
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?