A few of my friends in BRCM who survived after the huge layoff recently. The entire team was almost gone but afterwards their salary actually got raised. Is this a good or bad thing to them? I am not quite understand what's the strategy of the new owner.
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Sometimes depend on what your or his management chain projects....but mostly in certain geographies salary hike is not needed for retention. But management might represent otherwise as they are also interested getting hike.
OP, if possible, please let people know how your friends feel now with the raised salary.
Hock is a strongly focused businessman. He is a direct and straight forward person as well. He is focused on profitability and he is also agile. Certain business lines are more profitable so he will keep those. He will provide those business units with what they "need". Other business lines that don't meet his profitability will be sold. I imagine that employees have certain skill sets and it I s a similar situation.
Key employee retention ... that can only come from a VP who sees that individual as a "key" employee or a employee was mentored by an employee who got, or will be canned.
Loyalty is out the door folks, this is business in the new corporate America.
Which team is this? I'm a survivor and didn't get any raise?
If that's the case then I feel much better for my friends. I suspected the company just wants to make sure they can stay during the critical transition period, but eventually will still let them go.
they were the ones with the lower range , giving them more will keep them loyal and feel gratitude that they survived and even got a raise. nice one.