Thread regarding MetLife Inc. layoffs

Expecting layoffs?

I don't like this whole thing after Q1 results. Does this story about the direct expense ratio that will be pressured mean that all I can expect in the coming period is not a raise but a layoff? That's how I understood it. Are there any predictions of how many layoffs could be and who could be hit?

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Post ID: @OP+1aOgNiN8

7 replies (most recent on top)

Layoffs today, unknown # of people so far. Looks like middle management

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Post ID: @syug+1aOgNiN8

the layoff numbers will be significant imo- right in time with RTO

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Post ID: @grkt+1aOgNiN8

"Think weeks, not months".

Hmm. Now I wonder if the PeopleSoft outages is something more than a routine software upgrade.

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Post ID: @daxo+1aOgNiN8

Layoffs will be sooner than return to office. Think weeks, not months.

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Post ID: @6xbg+1aOgNiN8

There will be layoffs--- as soon as the returns of the vaccinated---- imo

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Post ID: @3aqr+1aOgNiN8

I have no inside knowledge of whether there will be layoffs or not.

My guess is that Met will lose head count due to frustrated employees leaving.

I also suspect that there will be small layoffs in IT to meet ever shrinking budgets.

No idea on numbers.

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Post ID: @1tga+1aOgNiN8

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