End of October? Whats wrong with SM? Three months of waiting is unacceptable
14 replies (most recent on top)
Use the time wisely. A further-off RIF date gives you more time to look for something else.
Be grateful you're in this industry, where there are more jobs than in many other industries.
You can by pass warn by keeping people in payroll for two months even if they no longer go to work. That's how TD is able to submit the notice after the fact.
It's gonna be horrible. Get ready for Halloween
Don’t base your evidence on whether a WARN notice exists or not. Last year they didn’t submit the WARN notice until day of layoffs so there won’t be any advanced warnings.
I was telling you it the the second half of October. Next time listen to me...
Actually it’s a United States specific thing. This would not apply in other countries.
Correct me if I’m wrong but Warn is a California thing.
Is 499 for the whole company or a specific country’s policy?
We have about 8.5k per online sources.
anyone know whats the total head count by region for Teradata. Head count for US/Canada, Americas (excluding US/Canada), EMEA, India, Asia Pac etc.
Is it possible that by signaling layoffs 3 months in advance, they are hoping to accelerate voluntary attrition? Remember, without a WARN notice, Teradata can layoff 499 employees, at most.
It is surprising that they do not have a clue about what the “other initiatives “ could add up to by now !! I would have expected the ELT to have told the employees today in the meeting they “hey folks here are the major initiatives that we are expecting savings to come from : (a) voluntary retirement (b) Real estate optimisation (c) attrition (d) xxxx (e) xxxx etc.,
Now that they know how many people they opted to go, they should have a $$ number for that already. And real estate saving estimate should be there by now too.
If they really do not have a $$ number for these two initiatives, they can dump their finance / strategy departments .
If they do have but did not tell that in the meeting, they should burn their “transparency “ flag .
They can at least do one of the above to stay honest .
If the other initiatives they mentioned work better than expected the wait could be good because they might not have as many cuts.
This post summarizes 2020
Mind you, counting the mail in ballots will take time so the results may not be out by November 9, Mr. Trump!
But we have world class virtual EBCs!