Thread regarding Red Ventures layoffs

Red Ventures Lay-Offs and Mass Firing..... THIS WEEK (10/17/18)

Red Ventures surprised dozens of recent new-hires this week by accusing them of manipulating their work records and avoiding their duties. Red Ventures then informed the employees of their "Final Warning" before they were "fired for cause."

After Red Ventures fired a portion of the employees, they shut down the program they were working on and then laid-off the rest of the people on the project. Some are speculating the pre-layoff firings were to reduce the number of people that were technically being laid off so Red Ventures could avoid the state labor law forcing them to alert the state of any large lay off and avoid paying severance packages to the full affected staff.

As several new hires were recent graduates of Appalachian State University, that college's Career Development Center is investigating the situation. The Charlotte Observer is also investigating.

If you are involved in this layoff and wish to contribute to the investigations, you can contact Deanne Smith (Assistant Director, Employer Development and Relations) smith2dr@appstate.edu and/or Katherine Peralta (Business Reporter) kperalta@charlotteobserver.com.

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| 5591 views | | 9 replies (last October 17, 2022) | Reply
Post ID: @OP+VHqN9mD

9 replies (most recent on top)

my daughter was part of that layoff too....
no warning just laid off....

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Post ID: @nykxb+VHqN9mD

Dear Anonymous,

Please have your son contact the Charlotte Observer reporter to give her a first-hand account.

Thanks!

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Post ID: @6lvg+VHqN9mD

This is all true ! My son has been affected and is trying to find employment after turning down several other opportunities to be part of Red Ventures SAP program and continue his career with RV! The things he has shared and the stress now placed on all the young hard workers now needing to look for work.

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Post ID: @6ywc+VHqN9mD

"...we are front and center in this kinda technology of illusion..."

Red Ventures CEO Ric Elias talks during a recent interview

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Post ID: @5lrb+VHqN9mD

Red Ventures ends sales training program, with dozens of young workers impacted

BY KATHERINE PERALTA

kperalta@charlotteobserver.com

October 22, 2018 02:16 PM

Updated 5 hours 48 minutes ago

Red Ventures has decided to end a sales training program that it launched this year, a move that affects 67 young workers.

The fast-growing Internet marketing firm just south of the state line started the two-year Sales Associate Program in January as a way to reduce turnover in its sales department, as well as groom recent college graduates for careers in sales, leadership, digital marketing and technology, according to a job posting from March.

The company recruited from four-year colleges and universities, and promised “insane perks” and professional development.

The company said it ended the program on Wednesday because it was not able to achieve its sales goals.

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At its peak, the program had 95 participants. Red Ventures said those affected have the option of transferring to another role within the sales department, or accepting a severance package. The company did not provide a breakdown of how many are opting to stay.

During the program, Red Ventures offered participants time throughout their day for personal development, during which they could job shadow in other departments within the company, or network with other employees.

Started in 2000, Red Ventures has been growing rapidly over the years, fueled in large part by its recent acquisitions of companies like the personal finance website Bankrate. The company employs about 3,700 globally.

Red Ventures has offices in Indian Land that employ about 2,000 people and boast a number of amenities to appeal to millennials, including basketball courts, a bowling alley and a beer garden. Red Ventures’ sales department employs about 750.

Katherine Peralta: 704-358-5079, @katieperalta

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Post ID: @5mlo+VHqN9mD

https://www.charlotteobserver.com/news/business/article220430560.html?fbclid=IwAR2BgxRQfTGgRDcQbLlxq-HmOe0FyN2WgwUFP7RMEazNnCo7-4X2Tqym5CM

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Post ID: @5wdb+VHqN9mD

No fact checking or is hype enough? Take it from someone who is “affected”, this post isn’t accurate.

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Post ID: @3rli+VHqN9mD

all of the above? no surprise!

https://www.indeed.com/cmp/Red-Ventures/reviews?fcountry=ALL&fjobtitle=Sales+Agent&sort=helpfulness

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Post ID: @2eka+VHqN9mD

UPDATE:

  • NC Department Of Labor is now investigating. Contact dol.asklad@labor.nc.gov if you have been affected.

  • Elon University is no longer allowing Red Ventures on campus for recruiting.

  • University of South Carolina's flagship campus in Columbia no longer allowing Red Ventures on campus for recruiting.

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Post ID: @2tvs+VHqN9mD

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