Intuit to lay off 1,800 employees, labels 1,050 as ‘underperformers’
Unlike many recent tech layoffs focused on reducing the workforce, Intuit cited that most of today’s layoffs were performance-related.
When asked, the company declined to comment on when those expectations were raised, or how long employees were given to improve performance before the layoffs.
https://www.fastcompany.com/91153816/intuit-to-lay-off-1800-employees-labels-1050-as-underperformers
This is American corporate culture that is now spreading outside of your country. Unfortunately, this culture and MANAGEMENT response is seen as a good thing and so it perpetuates.
Chickens coming home to roost.
It’s amazing the bad press that Inuit has received but XOM dont even though they do this on a regular basis….guess XOM pay off or threaten the press that they will have no action if they say anything back about us
Xom gets the goldmine and we get the shaft
They are more generous to departing employees than EM
employees “will receive a package that includes a minimum of 16 weeks of pay, plus two additional weeks for every year of service.” It also explained that laid-off employees would have six months of healthcare and access to career transition and job placement services.