Thread regarding MetLife Inc. layoffs

Predict FEW layoffs. Pendulum has swung in favor of employees.

Do you know of people that are quitting? There are way more quits this year than in the past. Key people, too.

The pendulum has swung. Soon MetLife is going to be doing everything it can to keep its workforce from leaving. Especially those few that really know what they are doing.

People that give notice might be offered substantial counter offers (compared to the paltry raises).

This is true in the US and in low wage markets where MetLife engages in labor arbitrage. The cost of churn in institutional knowledge, training costs, and higher wages is about the bite.

Hard.

by
| 1704 views | | 10 replies (last )
Post ID: @OP+1ajSvesw

10 replies (most recent on top)

@Space Cadet - I literally laughed out loud! So very true. It is always a good time for viewers to watch SLT sniff their own farts. They are so damn proud of their selves! Oh hey did you see CEOs picture and article in WSJ? He looked like a total slump! Or better yet, a Target cashier in those khaki pants. This leadership team is a joke. Ahhh, ummm. Well you know. What CEO speaks like that?

by
|
Post ID: @2ekj+1ajSvesw

Southpark Fa-t Sniffing:
https://www.youtube.com/watch?v=OM9jhGiIAFM

by
|
Post ID: @1luk+1ajSvesw

LOL - @SpaceCadet - "sniffing their own farts" - we have a winning motto!

by
|
Post ID: @1jey+1ajSvesw

They'll welcome the voluntary leavers. That way they can take credit for head count reduction through attrition, not have to replace the person or pay out severance. Meanwhile they'll schedule a weekly town hall for the execs to spend an hour sniffing their own farts.

by
|
Post ID: @1fup+1ajSvesw

The only employees they value and want to keep are senior level, especially if they help them hit a diversity quota they can brag about.

by
|
Post ID: @1row+1ajSvesw

@in favor of employees, sounds like you are either in HR or Management. Understand that mother Met hates it when people quit, they want to be free to pick and choose. Years ago, in one particular product, it was announced that many layoffs were coming, subsequently many bailed on their own and management was upset. Going forward layoffs became even more hush-hush, and coming out of left field. And FYI, no counter offers were EVER made, because managements credo has always been that EVERYONE is replaceable.

by
|
Post ID: @1mog+1ajSvesw

well, I doubt they will do much of anything. keep in mind it was their idea to consolidate to NC and when application SME's did not make the move, or somehow 'failed the interview' for the job they already had - they just sort of say "oh well, you new people are the new SME's". I do not recall them making too much of an effort to retain folks with knowledge. A new job, starting over on some new application, seems like a better choice lately. Why work all the hours for nothing? No more 'extra' from me at least - if the work can get done between 8 and 5, Monday thru Friday, then it will. Sat/Sun is for family time.

by
|
Post ID: @zwx+1ajSvesw

Agreed, I know a lower grade who quit last year and no counteroffer. That being said, I have also noticed a lot more nicey nice "retirement" emails as of late. They are trying to mask layoffs. This company is not at all for the employee...just look at how many Federal Holidays that have we lost over recent years, while our competitors have these as paid holidays. There is some deep denial at the executive level that this is the BEST possible place to work and an honor, so we should just be grateful for the privilege to work here and expect nothing else. Tone deaf? Very much so.

by
|
Post ID: @pjz+1ajSvesw

MetLife won't make counter offers, at least not below the VP level. They don't really care.

by
|
Post ID: @pws+1ajSvesw

Post a reply

: