This company's management is unscrupulous (a serious understatement).
- EM employee benefits have been cut in the last few days.
- Using the excuse of poor performance, EM is cutting 8% of its worldwide staff just to avoid calling it retrenchment. People, please call this out and tell the world. EM wants to avoid being seen by prospective employees as a company that lays off employees - HR keeps insisting that its decisions are performance based, but the truth is, it is LAYOFFS! They want to be seen as the world greatest employer, which they are far from. They say that they offer lasting careers - BS! Come on, EM managers, just admit it - you don't give a toss about your employees.
- Just watch this space - EM will inform its employees that due to various economic conditions and a business outlook which is uncertain, there will be no annual increments (except for management staff - which they will not say out loud).
- Yet, they insist that shareholders must be paid a sizable dividend. Top management, you are shareholders. So are you robbing your employees so that you can fill your own pockets? Is this a perk of being a manager? Well done, you should be proud and walk with your heads up high because you are champs in screwing your employees over.
So, does it look anything like this company is serious about developing long lasting careers for employees?