Weekend and Monday morning. It will probably take one to two years to replace the ones that where terminated. Not very cost effective, don't see it saving one penny, actually studies show that these type of layoffs cost the company more money than they actually save.
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Yes, this company has too much debt. It has instability due to too many changes, reorganizations, excessive hiring and excessive terminations. I understand it is a dynamic market, and change is required, so some of this makes sense and some of does not.
From my perspective, wish the merger with Access never occurred.
What I see going on is the removal of older workers that are being replaced with younger workers and managers, I am ok with that, if it is through attrition and resignations but not forced layoffs. I am skeptical that anything really has changed, I think hiring is accerlating for backfilling low level positions. I agree with the okc office being reduced, this was due to commercial reasons.
Layoff was required to stabilize after Access merger. The layoffs went a long way to addressing a bloated structure up and down the chain...should have been done way back in 2012-plus. Not nearly enough cut then -- like maybe 30. About 400 cut last year, approx another 200 in OKC people not moving this year. Williams has maybe 75 or 80 postings right now? Don't see that it will ever need to be close to hesdcount bumping 6000. There are no guarantees in life.
It's not too late for a employee recall, the people that where terminated can be sent a letter to see if they are interesting in coming back to Williams. Once a list is developed, any open internal positions can be Emailed and the terminated employees could be given preference in hiring back. That would save the company money by avoiding retraining and boost moral by sending a strong message that they really do care about their employees. Perhaps someone should contact HR with the idea.
They really should, but it is not going to happen, some retired, others found jobs and probably a few even found better jobs, and others are non recallable. If you know somebody at a high level maybe you can get back in. You can also try reapplying, if you are young and are energetic and have a good track record you might get rehired, don't know for sure, I woud not count on it.
Sure would be nice if Williams would call back some of the layoff employees , I could use a job.
Yeah , that's what the studies say because typically the company will ramp up to pre layoff levels in 18 months to 2 years, they may get a short term benefit but lose in the long term. Also you have to question the core values, why would they do this?