Watch for the signs. You may ask your planning folks as to how the orders are and from there you’ll be able to know. The upper echelons are looking at site to site for job cuts and not across the organisation as practised last year. If the site doesn’t have as many orders that they have employees then the only logical step is to cut the staff.
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@1inp+ I was laid off soon after the may furlough too (June 2020). It's the worst thing ever happened to me. I'm still struggling to find a job. Over 40 job applications and only 2 interviews so far.
Not sure about how costs decisions works, cause we are supposed to be 25% cheaper than US employees, (eventhough we have the same work experience, education, bilingual, and being citizens) and didn't stop Honeywell from letting about 100 employees without a job. And these coming months they are going to transfer a whole department to Phoenix...more people unemployed here and expensive employees at Phoenix.
How this is cost reduction?
@2abd+1a6WLxmN - Target is your pay (corporate target) and those that aren't personal friends (your immediate boss). And then bring in legal so Hon doesn't cross the line. My perception is many bosses don't really know what their workers do, and don't really care anymore. If people are laid off, que sera sera. Corporate looks at labor cost constantly and wants to reduce it. Older folks typically make more. A manager will try to protect his personal friends as much as possible.
The sooner the better. Bloated with malcontents and useless slaves
The target isn't the older employees. It's the employees that have done NOTHING in the 20+ years that they have been around.
Watch out for new, higher corporate taxes.
It is always open season on older people.
Maybe Grecian Formula might be worth a try.
Moneyhell has become the AlliedSignal of old, which was a cheap clone of Jack Welch's GE.
Expect, yea, PLAN on RIFs each and every Quarter to make the numbers and to keep the Institutional Investors in Darius' pocket happy.
Hopefully soon. Need to generate more profit
It should be expected everyday. Put your feelers out, pursue companies with focus. You have a say in who wields the axe.
As someone who was laid off soon after the may furlough last year (you know, the furloughs that were supposed to prevent layoffs, right?), assume a layoff is eminent - especially if they say they are doing all they can to avoid layoffs.
As long as this site keeps telling it as it. Really is we should be fine. Top talent and baby boomers will leave fast enough that I will be a director soon.
Probably mid Q2, as it happened mid quarters last year, or furlough
There are no planned layoffs. Don't be overly concerned.
For some reason I'm worried about this week but I hope it's just my usual anxiety driven paranoia.