Many good people got notified this week. It’s a shame SEA is letting go of good people in the midst of a growth year.
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350 Samsung employees were let go during a global pandemic (and after exceeding sales targets) simply to meet a number set by Korea. Who was let go was up to each department head. As usual at Samsung, favoritism rules over competency and many top performers were targeted by insecure managers. The good news? Competitors are benefiting by eagerly scooping them up due to lack of non-competes. Smart move, Samsung!
Heard of a lot of B2B regional sales reps being fired, and a decent amount in the customer service / Care department. I'm not surprised though. OP says it's a "growth" year–ya, buddy, it's COVID-19, an eviscerated consumer retail economy, and tons of regional retailers struggling.
Fold sales were abysmal, Best Buy just got downgraded to a Sell–in what world is this a "growth" year? Because a bunch of people bought TVs with their stimulus checks? An anecdote they repeat constantly but I guarantee you now that we're entering month 9 of lockdowns that's not going to repeat. I'm honestly surprised a B2B legacy tech company like Samsung isn't firing more people. Lot of redundant staff whenever I look around.
Same thing here, permanent long timer. I know of another long timer (10+ years) also let go. It's not a reduction in headcount though, because I know my dept head is interviewing candidates for a new position on my team. Getting rid of the longtime loyal employees seems to be the objective here.
Same thing happened to me. Weber mtg with HRBP. I'm a high profile, permanent long timer. From what I'm gathering, seems like fast decisions had to be made. Leaving lower managing staff to continue on.
After all the backslapping over the good numbers...
If you get a random meeting request from your boss, check to see if your HRBP is booked for that same exact time.
I knew ahead of time because of this and was prepared going in. Good luck.