Let's say every worker averages 100k. So each personal day is ~$400 on average and each worker uses 2 personal days during Christmas because they dont carry over. Let's also exclude NJ workers from the equation who get 90 days notice.
Since they don't pay out personal days it saves up to ~5-10 million by getting rid of Workers before Christmas week. As opposed to being off books on 12/31.
@ek there is no red flag. Ive done this for my employees that were either being riffed, leaving the business on their own accord or managed their PTO poorly.
@c3 Why would they get fired over that. Doesn't seem smart for the red flag it will throw.
@aj or you live in California and get paid out unused personal days in March. That extra little bit in the check is nice if you can bank it.
Your boss can always recode old time sheets that used VAC to personal. If they won't do that for you, they are an a-hole.
I mean, personal days should be used by March each year at the lastest. Why would you not use them before your vacation time starting each Jan?
You never, ever leave personal days until November. VZ RIFs annually before Thanksgiving and you know personal days are not paid out. You have to balance your vacation accrual with your personal days.
@ah I thought I was taking crazy pills reading this thread. Who the he-l still has personal days available this late in the year. You're either: 1) Using vacation days before personal which is... a choice or 2) Planning to use all the personal days in Dec.
The person who does 2 is likely at VAC cap because they don't have a life and don't take days off. In which case, they would have to use all their personal and accrued VAC days in Dec. I really doubt there are many people in these situations.
Why are you using your personal days at end of year?
Im hedging on Verizon today before the market closes
@a5 yes, it will move up in time as it did in the past from cuts. Cut the extra and dead wood. Make other changes and the stock will move up. Verizon makes money. And it will make more
@OP These clowns lost their T-Mobile account to light path for the backbone to their cell sites... The circuits are about$ 1500 a month there's over a thousand sites That's 1.5 million a month and they don't even care. .As far as I can tell nobody's even talking about it or noticing,yet it's as plain as the nose on everybody's face why this happened. They treat T-Mobile and all their enterprise customers like a $50 a month fios customer, they're all in the same pool. We are pretty much doomed because they're not about to fix this anytime soon...or ever . I would bet you could do LESS layoffs with an extra $18 million a year...from just 1 customer !
Yeah, the stock is going to totally move because the company saved…$10M.
What a stupid analysis
Exactly my point. Now its horrible for anyone to lose a job. Any job. But thats REAL money, and its lots of real money. Mind blowing in the sense of just how much it saves a company. And if you are bleeding, and the stock is tanking, you do that to make the investors think....ok....ok....maybe I should hold onto this stock. I don't own any stock in the company but for the ones I do...thats how I would look at it.