Thread regarding Unilever layoffs

Unilever has lost its way

Recently at one point I thought they were getting ready to lay me off. Such is the atmosphere. In my many years of work here, I've never been more stressed and more anxious.
Besides, I used to be happy to be a part of this big company, while now I’m not. In fact, I would say that this is no longer the company I started working for which at the time had a clear vision of the future.
I just wonder at what point did they lose their direction?

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Post ID: @OP+19eD8pIu

6 replies (most recent on top)

Now shareholder value is going down again. They’ll get rid of people whose salaries are from the expensive country.

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Post ID: @3kfmb+19eD8pIu

Agree that the directors are trying to protect their budgets and consequently, their own jobs. This is at the expense of letting go of managers in the name of restructure, and they'd rather be on a hiring spree for interns or UFLP or whatever they call new joiners fresh from university or just a few years experience which they can pay much lower salaries. That's what happened to me and my friends - our roles were made redundant only for them to hire more junior people in the same location as well as in cheaper countries where they only need to invest in lower salaries. It has now become all about the profits. Profits over people. What a hypocrisy, as they talk about purpose and sustainability all the time in external media

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Post ID: @1druq+19eD8pIu

Unilever lost its way 10 years ago . Poor investments , low efficiency in its factories. They just haven't moved with times and the lack of good investment in their factories will eventually catch them out .Really badly managed by top management. Unfortunately they are not for same company now as they once was 20+ years ago when i first started . Profit before people is the mantra now . I also remember attending a chairmans review 20+ years ago and him saying " we dont want to be manufacturers, we want to be in marketing " ! Unfortunately its started to happen

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Post ID: @Scjt+19eD8pIu

They lost their way with new leaders joining in externally, which has also changed the culture. Gone are the days of being a part of the "Unilever family." Now it's all just a matter of time and package until we see more Unileavers esp. from the markets where headcount is expensive. The WL4 protect themselves as well as the WL3s. So it's the WL2s theyre getting rid of, and replace them instead with WL1s that'll come with a cheaper paygrade for them to invest.

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Post ID: @Iqqa+19eD8pIu

When did they lose their way?

February 17, 2017 (The day that Kraft Heinz bid $143 billion for Unilever).

After that, the focus shifted to maximizing shareholder value.

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Post ID: @rxpm+19eD8pIu

In response to the previous post “recently at one point I thought they were getting ready to lay me off. Such is the atmosphere.“

Yes, agreed this is the unfortunate atmosphere and reality. Don’t be naive that this may not happen. Yes, Unilever has lost its way. Gone are the days of building teams to drive growth and a company that we were all so proud to be apart of. Today with projects masked as breaking down barriers to create a cohesive one team approach with UniOps and iOps the reality is outsourcing what Unilever views as non value added activities/ roles overseas, such as customer service. The new vision becomes higher profit margins, and cost cutting efforts to achieve a new view of what success looks like. The view and definition of success is debatable and surely not sustainable.

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Post ID: @1cfa+19eD8pIu

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