Just curious on how deep the cuts actually were and if you know of someone who EOI’d that wasn’t accepted? Plenty of people who didn’t EOI were “involuntarily severed” (HR speak) so it made me wonder if people who had EOI’d were kept over people who didn’t.
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And those who requested EOI and denied are now forever totally screwed.
Before I left, I was denied EOI 2 different times in my career. I never got an answer as to why I was denied. I think it has to do with wanting something you can't have. At the time I was relatively young in my career and very confident I could take EOI and get another job elsewhere. I think It had something to do with how eager I was for a package. My confidence in my abilities might have made the company think I was one to have around.
To this day, I am disappointed I did not get chosen. The company should in my opinion grant EOIs to everyone who wants them if they expect to go through massive layoff rounds. Why keep people who don't mind leaving. Ending leaving later in another non layoff year for a better opportunity. Needless to say, my departure was not a surprise as I always expressed an interest to go with a package
It would seem that EOI’s being denied while others being granted would be a form of inequality and that labor laws would not allow a company to to selectively choose?
Denying certain individuals with heritage pension plans made economic sense. They will/should leave anyway. Interest rates are on their way up and the reduction in lump sum payouts likely exceeds even a maximum 60 week package. A 1% increase in rates reduces the lump sum 10%. Rates have no where to go up under the new administration to pay for the massive social bailout programs. Just like being back in Caracas.
You are just going to get every conspiracy theory under the sun as an answer to your question. Don't bother asking because most of the answers are lies and the rest are based on rumors.
It’s a well known secret EOI is used against employees, first as a loyalty test, and then second to test if someone is about to retire (and then not give it to the employee). Ask around for the stories.
I know of at least 2 that were denied.
Sure there were..... it happens at every layoff.
Yes there were people involuntarily severed while others were denied the EOI they requested.