Process to determine who to layoff is based on how much money a person is making. The higher your salary, the more at risk you are. So guess who those folks end up being? Your long time employees and older employees. It really ends up as disparate treatment of age discrimination. They displace you, realign people and move a lower paid person into your exact job. They are just on the lower side of the pay scale. I've always thought this is a mistake financially and if future innovation within the company. Those folks with tenure know the business, what works and how to make things better. Keeping the younger and less tenured only costs lots of money to build their skills and knowledge, make the same mistakes, spend millions to test what we already tested in the past, etc. The layoff is just an excuse to get rid of the higher earning older employees. Somebody has to pay for all company mistakes. So it has to be the worker bee employees.
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Wrong..I watch led young and old walked out with their white package...people been here for ages and some just couple of years...
Just sad.
Not that my two cents matters, but when management came from the east to try and run a mid-west company, the demise started. After 21 years, I was glad to leave. Sold my stock and got the hell out. I was proud when I started, but disappointed at the person I became when I left. I am glad to be working for a company that appreciates mid-west values and work ethic and not having all kinds of BS pushed around for things that do not matter.
They will cut too deep. The people left over will leave here and there because they are overworked which means they will have to rehire. Good strategy during high unemployment because you have a lot of people to choose from and can replenish your workforce cheap.
But bad idea during low unemployment. They will have trouble getting anyone because who wants to work for a place like that?
We'll see but long term, this could be a real downturn for them.
Well duh.