Thread regarding MetLife Inc. layoffs

Corporate Descison not Performance Related?

15+ years will end in Aug 2020. Sounded like it wasn't an isolated event, but HR was cryptic with coded language about not sharing with others out of respect until they are notified (IT org). Also stated not Performance or Personal so if I believe them it seems broader than just me.

by
| 2718 views | | 22 replies (last )
Post ID: @OP+15PvME17

22 replies (most recent on top)

I just found this web site just looking up companies. I am a retired 75 year old. I have a back ground in sales. I have been primarily in coffee food items. Life that I have found in 75 years
Is based among other things is based on numbers and acquaintances. It is sort of like dating. The more companies or acquaintance you can make is
The best I can suggest. It is a numbers game. I just picked out your post. Keep sending phone calls and
Resumes. I keep up the fight to reestablish your self. NEVER GIVE UP!!!!! GOD BLESS YOU AND GOOD LUCK!!!!!

by
|
Post ID: @ookv+15PvME17

Stock could be for getting the My Voice Survey results to go up.
Does anyone believe those numbers? I shade my answers and assume others do too.

by
|
Post ID: @9kyq+15PvME17

Interesting - almost 30k restricted stock acquired 7/10 by head of HR - wonder what the summertime bonus was for?

http://archive.fast-edgar.com/20200714/AEZ2422CZ22SE2Z2222M2MZZBQVNXZYS2222/

by
|
Post ID: @8zbm+15PvME17

Yeah. "Agile" is the next buzz word they are corrupting.
BTW - You made it so far, but how do you know the terminations are done?
MetLife's style is to dribble them out slowly to avoid press and the WARN act.

by
|
Post ID: @6lba+15PvME17

I was a little disappointed I made it thru the recent layoff.
This place is a madhouse at times. Insufferable deadlines with little Or no knowledgeable direction. And they want to be agile—or their version of it. Chaos is the only constant...

by
|
Post ID: @5pzi+15PvME17

Re @Snoopy's B, that is sad.

I have to comment on the North Carolina move, since your quote mentioned it.

That move to NC, and associated terminations, was partially about saving money (tax breaks, etc). But even more so, it was about trying to change MetLife's IT culture. That's why not many existing ITers had a chance. Frankly, the culture is silo driven, no it is TRENCH warfare driven, and really does need to be changed. Everyone I know hates dealing with IT including IT itself! It still needs to be changed. Radically. There is also a question of competence, but that is obscured by the trenches.

This time around though, how many have been terminated. I'd be surprised it it is even 1%.

by
|
Post ID: @4zlx+15PvME17

I am reposting this from October 2019 - it is originally found under the Troy, NY comments. This is so poignant and it helps a little to read these words from the past. So many fellow MetLifers have already been through this over the years. Getting an email vs. hi-jacked in a video conference call both seem very disrespectful. Same on our leadership - until Aug :-( Oh, and think twice about posting for any newly open positions that they are "holding" just for us. See below.

From Oct 2019:
I am so sorry for both of you that must deal with this. There are so many others that are going down the same road as you I know all too well because I was one of those ppl. I was Informed by a transplant boss I didn't know that I was losing my job and I would get an e-mail soon after explaining the situation. Well weeks passed and I never received an e-mail, others in my department received their instructions so when I didn't get mine, I then reached out to the transplant boss only to get a shoulder shrug. A few weeks later I received the e-mail detailing my fate. I kept thinking I gave all my time to this company and worked so hard to get only a vanilla e-mail telling me of my last days. Listen I didn't want a parade I just wanted some compassion but in the corporate world the MetLife world you’re not going to get it. I began to look at the contacts in the e-mail and reached out to learn about my benefits and what would happen. I learned that to be bridged to benefits I would of had to have another year under my belt I called and asked if I could be bridged only to be told no. Cobra was absolutely ridiculous in price and in no way could I afford to keep it. I really got the run around on my life insurance, I couldn't get through to anyone about carrying the life insurance over after my departure. I was told several times I would get forms to complete but never to this day received those forms. My old boss that was moved to a different group a week before we were given the kiss off and never even once acknowledged me or us after this was set in motion. Anyway, after I received my notice, I walked around with others on my team with the feeling of being alienated and thrown out like trash. I was once told by a higher up "It is what it is" you’re getting compensated. Listen compensation is not a job and in the area I work in the city and state was not full of Job opportunities. I saw others applying for their positions in NC and they were being rejected cold. I mean why put these people through this if you’re not going to hire them. I mean didn’t they go through enough already, why beat them when they are already down filing them with false hope. These were all people with tenure like me so I never even applied, I couldn’t put myself through that. These were good people that came up in the company around the same time I did. They had passion for the company and were dedicated to only be treated like yesterday’s garbage. Don’t get me wrong there were some people that needed to go long before this happened but not in this manner. Very few were able to obtain a position in NC most not all were in the corporate “Click” we used to call it. Look layoffs for a company are never easy but the culture and lack of compassion here is unforgivable. I am not a disgruntled employee I really miss my job and the people I worked with, I just wish it was done better and made some sense. My family struggled for over a year while I tried to obtain a new job and as for the “Is what it is compensation well that didn’t last long enough to get us through. We almost lost our home and we struggled we still do to this day. These managers, directors, VP’s and all the above really need to know what losing a job means to an employee. Maybe if they understood they would make better decisions. The every man for himself attitude is ramped in Met’s culture and it’s not beneficial to its growth, these people really need to see that. I wish all of you going through this the best and I hope you find other jobs quickly there is life after Met it might hurt for a while but things will get better.

by
|
Post ID: @4neb+15PvME17

Is there any point to getting a lawyer to review the severance package before signing and accepting? Has anyone ever done that? This sux....

by
|
Post ID: @4gfs+15PvME17

Gone after over 25 years. Webcam meeting with manager and HR. I guess I've watched it happen enough times over all these years to have known it was inevitable, but really didn't see it coming. CEO seemed to indicate they were holding off during COVID....guess not.

by
|
Post ID: @3lxa+15PvME17

A 10% layoff of the 40,000 employees would be 4,000. 1% would be 400.

How many were actually terminated?

Sorry for anyone that lost their job but this sounds like a more of a virtue signaling layoff (like many things at MetLife). Lots of budget b.s., some contractors (temporarily) terminated. Little real effect on status quo.

Why don't they cut some of the people that just hang on conference calls without contributing to the company? You know the type.

by
|
Post ID: @3ofa+15PvME17

Former colleague of mine got laid off yesterday, MetLife Cary

by
|
Post ID: @2qqt+15PvME17

Sorry for the O.P. job loss.
Even hundreds would be relatively small.
IT finagled budgets and mostly protected its people.
Short term, mostly contractor positions will be lost.
Till the work doesn't get done, and IT needs them back.

Am I wrong?

by
|
Post ID: @2wzh+15PvME17

So your gonna get 46 week pay. Not bad, ecept this is hard time to find new job.

by
|
Post ID: @1tfo+15PvME17

I am sure that hundreds are impacted across the org

by
|
Post ID: @1dye+15PvME17

Hope your next venture is fruitful. Which region are you in?

by
|
Post ID: @qqm+15PvME17

Top brass making millions and hundreds of thousands while laying off hard working people just trying to make ends meet.

by
|
Post ID: @ttz+15PvME17

They said there is a package, but didn't share details (wasn't included in hr email, belive they are sharing more details July 22nd). The package outlined above is what's in a pdf I found out on mymetlife (but it's dated 2016 so we'll see). Haven't seen anything else in terms of org/people impacted, just logged off and started day drinking :)

by
|
Post ID: @lbl+15PvME17

Was there severance? Is the standard package still in effect? 1 week for each 5K up to 80k plus 1 week for each year up to 10 years, plus 2 weeks above 10 years?

by
|
Post ID: @six+15PvME17

Sorry to hear that - rumors are flying around today - time will tell. 15 years is a a while -

by
|
Post ID: @clb+15PvME17

One phone call and your life is changed. Just brutal.

by
|
Post ID: @yey+15PvME17

Will be 1 year this August 2020 which will be my last date at MetLife

by
|
Post ID: @lzs+15PvME17

Post a reply

: