What has this company become. I’ve given 19 years of my life to it and how do the big wigs repay me? A choice between termination or demotion. There aren’t words big enough to express how disappointed I am. So much pain and sadness.
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It's quiet firing. They want to make people miserable so they leave on their own accord and they don't have to pay severance.
It also helps with their PR so they don't have to make it look like they laid more people off. This way, they can bring in younger, cheaper talent (and offshore and outsource more and more) and stay out of the headlines. This is "Consultant 101."
This is what you get when you hire a bunch of partners from McKinsey & Company to run the show - David Chubak, Ryan Littlemore, Hasan Malik - all from McKinsey.
Then you have Nancy Killefer, Luis Ubinas, Byron Auguste - all on the Advisory Board and from McKinsey.
Go look up McKinsey - they're the sc-m that both helped big pharma market opi--ds while simultaneously advising the government on how to combat it - using the same team of people. They are predators. They have no conscience. This is who is running the firm now.
I am so disappointed in the partner group as a whole. They should never have allowed this to happen. I hope they are ashamed.
Never stay at one job for long. Never. Loyalty is a thing of the past. Always be looking . . .
@OP I'm in a similar boat. It's either be jobless in this administrations market or take a reduction and have full heath coverage for my family. This follows the norm of every big finance and tech industry out there. use the internal career site to apply for jobs. Positions will be open in a week or so.
Mine was reduced. Didn’t see it coming when my role is specialized compared to another team in our department.
Sorry to hear that. By demotion, did they just change your title, lower you salary range or actual reduce your salary?