Nothing burger here, plenty of cheap talk and uninformed buzz, rumors and a few dozen actual retirements/reorgs does not equal a layoff for those of us who have actually WORKED through true massive layoffs in the early 90’s and after the dot-com bubble burst in the early 2000’s, stay informed with reality people, over hyping small reorgs is propaganda and is dishonest :
https://www.dli.pa.gov/Individuals/Workforce-Development/warn/notices/Pages/January-2023.aspx
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a few dozen actual retirements/reorgs does not equal a layoff for those of us who have actually WORKED through true massive layoffs in the early 90’s and after the dot-com bubble burst in the early 2000’s
The flaw in this logic is there weren’t literally billions of people creating content on the internet to compete with in the 90s and 2000s. The audience that corporate media is bleeding out to youtube, twitch, twitter, substack, etc is never coming back.
The most notable moment was this past December when a Comcast employer of 22 years (who took the retirement package), shook my hand and said, “ you’re the last hand I’ll ever shake at this company”, that will stick with me. I was among a group of contractors in which we were not renewed for 2023 even with exceptional performance. Broadcast tech is definitely changing.
189,000 employees and 100 a year given packages, seems like regular business.
If Comcast actually had a retirement plan…well, we wouldn’t have to offer the packages to SELECT individuals, would we? Every employee would be eligible once they reached a certain age and length of service.
Those packages are offered because we need to cut overhead costs and Bob, who’s been with the company for 20 years, makes too much money. He’s gotten his annual increases and promotions for 20 years but he isn’t the person we need in the position anymore. We can replace Bob with a younger model for less money. This is illegal if we lay him off. So we offer him a nice package. Sometimes the Bobs don’t take the package. They should. This retirement cr-p happens every year to well over a hundred employees.
The WARN act isn’t needed when we lay off 35 employees from 3 departments in NH, as an example.
The ppl who think this is “fake news” seem to forget that there’s other locations aside from the one you work in, or the team you’re on. Sure word travels…but not as much as you’d think, and now with so many people WFH/remote, it’s far less obvious when ppl are cut unless you work directly with them.
The best advice is to always have your resume updated, and don’t burn bridges if you leave. Even if you get fired this di----t company will hire you back in a different department. I’ve seen it happen many times.
Of course it is BS, look at this entire page, it is disgruntled employees, not factual information from an informed source.