Layoffs are OK - everyone understands it.
PIPing 8-10% isn’t OK. That too in the midst of the pandemic. It’s legal but is it ethical?
That’s not something one should be thankful for!
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A bogus PIP is a lay-off. Can’t wait to see if a judge agrees. Guess we will find out if they laid enough young people to hide their targeting of older employees from the court.
Sad to say it; when you are ethical you are legal, but in the other way and it is the most people practice in business like EM people or Texas businessmen, "meanwhile everything is legal is good even if it is unethical"
You're dumb. You're assuming that average severance is half the range of pay. What if 90% of those let go are new hires?
Bad math, bad assumptions, bad employee. I hope your dumb–s gets let go.
PIPed employees got 3 months salary + 3 more weeks to make PIP/PIL decision. That's almost 4 months of salary.
Now, phase 2 employees get between 1 and 12 months of salary. On average, that's 6 months of salary (this does not take into account years with the company distribution, so correct average may be slightly different from 6 months).
So by PIP vs Phase 2 saves only 2 months of salary in severance, and that's for 8% employees vs 15%.
I am very curious if this 2 months of savings was worth lost of trust?
By having country studies done by July and doing 8+15% layoffs in summer, the company would've saved 6 month of salary on those who are now in payroll till February, and would've done much better in terms of trust and morale.
In capitalism, ethics are purely academic.
Make it illegal if it is really that bad or learn to cope with it, fair or not. It cannot be both ways.
It was a horrible thing to do and they knew it. it was unethical and disgusting.
Why would you say it is Legal?
12 people would disagree - even in texas.
It was totally dishonest and classless.
They did it simply to save a few bucks in severance and figured they could con employees and the public about it. Turns out we’re not as dumb as they assumed. Unbelievable combination of arrogance and stupidity. They saved a few bucks in that first phase of the workforce reduction but earned the long term distrust of employees and the public.
Employees not impacted this year know the current senior management regime will not hesitate to screw them over in the future if given the chance. This will be a long term drag on the work environment.
Was it worth it HR? Shame.
Manipulating a Performance Assessment System to achieve other targets is stupid! They have burned trust into it immediately!