Are there any layoffs due to CoronaVirus? How about Furloughs?
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Some contractors were told the same week that they would be laid off some got a few weeks notice. There were a lot of contractors laid off but what upper management is not focusing on is that there are still 20-30% contractors in many teams because these are essential contractors. Some of these are truly doing work that they only know and some of these are friends with the bosses and got to stay when other good contractors good laid off. Next is employees, they were going to try to wait to see how many employees retired in 3rd and 4th qtr but because the company is cash negative upper management has decided to go ahead and start with those that were put in the bottom which is expected to be about 8% of the employees. There are about 5000 employees in EMIT so at 8% that would be around 400 EMIT IT people who lose their jobs plus about 8% from the other parts of the business. Depending on the price of oil next year and cash flow of the company there could be additional layoffs. In addition to this all the sourcing leads in the company have been asked to accelerate moving jobs to managed service providers if possible.
When it all fails whose property is it?
There's no difference between a layoff or a furlough. In both cases, you are not welcome on company property and you aren't getting paid, indefinitely.
I was let go from Global Projects IT department. I am a contractor.
Information Technology is having a huge cut specially on contractors, this is happening in Houston Locations Spring, Woodlands will be wiped off and most of the work will be shifted to Brazil, Romania & Bangkok .
Got notice too by end of April
1800 out of 2000 contractors cut at just one site this week.
What was your role as a contractor for them? Curious what part of the company is having layoffs.
I'm contract, last day Friday.
They have started. Contractors have been given notice.
there will be soon