Welcome to Q4 2021.
What do you hear? What do you know?
19 replies (most recent on top)
Susan used the COVID money to buy a new black leather jacket.
This is an interesting site. The company got COVID loan/s.
https://violationtracker.goodjobsfirst.org/parent/metlife
Probably zero or low interest. Gotta take advantage of government offerings when you can.
What was the Covid money loan used for? RTO planning?
There was a reorganization announcement in the biggest money making department for US business yesterday. Streamlining and combining sub departments. There will be more in this department in Q4.
@significance. The changing of the name executive group to executive team was done to keep spinning perception. And semantics.
They are finely crafting and tuning their narrative to be a company that is perceived as being “current”, cohesive and having or rather trying to have an attractive culture. The millions and millions of dollars spent on reimagining who they know they should be (current, relative, a leader) and trying to convince employees, shareholders and the rest of the world has been a waste of money. They executed the repackaging of a 153 year old company miserably. Train wreck comes to mind.
Forced upon employees in rapid succession, rolled out initiatives masked as being a benefit for employees and indulged in the flavor du jour of political and social matters. Which all ultimately offended every intelligent employees-who saw through it.
The reorganization and reimagining has a tight time line that is typically associated with a new CEOs contract term. 3 to 5 years.
So far on mark but at the expense of every hard working employee, in one way or another.
Bravo Executive Team and board members. Enjoy your bloated ego matching compensation packages and fancy 5 star vacations while the real talent in the trenches rack up “do good” badge points to cash in on a glamorous electronic razor, and yet continues to toile on behalf of the Team. Until they don’t. After seeing the grass REALLY is greener elsewhere.
Layoffs not done. More coming in EMEA and US before EOY. By the time they're done maybe the EG and shareholders will be the only people left at 200 Park.
@ever notice: Even worse is that the shareholders are mentioned at all. If you are doing right by your customers and your employees, your shareholders will benefit as well. That you even call out the shareholders shows where the real priorities lie.
@transparent... I suspect the gov's visit had something to to with vax buy in.... her recent speech from a church pulpit asking people to be her vaccine apostles speaks volumes. And I am sure there are financial incentives for any company who becomes her apostle. I know there are concerns about vax/no vax, but with all the power grabbing out there, vaccines may be just the first step in more controlling behavior.
And…PWC paying employees to take 40 hours of vacation at one time, every quarter.
For a bunch of tight a$$ accountants, they really got the complete understanding of how to be a good corporation that doesn’t talk about putting employees first, but actually does put employees first.
Ever notice, when talking about serving our (special) Purpose shareholders are always mentioned first, followed by customers…and then employees. Sad.
The hemorrhaging of talent has begun. And will continue for quite some time.
When a politician visits MetLife, or any big company, it's for one purpose only: To pick up a check.
What was the true purpose of New York Governor Kathy Hochul recently visiting the NY office? Why this particular Company? Does Kathy not realize that this "NY Rooted Company" has outsourced thousands of jobs to other states, to other countries and even to other companies?
So what is the significance of changing the name Executive Group to Executive Leadership Team? Another, let's pretend to do something, while actually doing nothing?
Jan will come and go
At least pwc has ba--s
First movers advantage
This is huge news and will send shockwaves through the industry...
Why is met always so slow to the game.. they say they are leaders yet they always say..we are waiting to see what our peers are doing....
Old management styles...
They will lose very talented people who prefer wfh ...
Oh well .. people have choices
PWC: https://www.cnbc.com/2021/10/01/pwc-says-us-employees-can-work-from-anywhere-in-the-country.html
@hemorrhaging what is PWC?
50% of our team has changed in a year. No one has asked why. No one has access to our director. Opinions are not allowed on our team - so our meetings are silent. Is this now the norm?
Agree that layoffs are done.
In fact, Met has the opposite problem.
They are hemorrhaging people. People aren't even waiting for their bonus.
If they lose too many more, it will be bad for them, and for those of use that remain.
Let's Talk Live Show? I can barely stomach them anymore. But yeah, 12/9 will be our 30 day warning.
Did you see what PWC said?
After the carnage of the past 3 quarters, it's looking like layoffs are done for now. I don't know where else they can cut. Pretty much everyone is doing two jobs right now.
Nothing yet, but I am sure the 10/14 "Let's Talk Live" might provide a clue. And the one on 12/09, is a month before RTO, soooo... who knows.