That's what this is. As simple as that. They want us gone and they don't want to pay us to leave. Despicable, but did anybody expect any better from this ELT?
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I am leaving. Just got an offer. Higher pay too. Actually loved my job and was a top performer but cant take this no more. Its just too d--n depressing.
There is no legal requirement for severance. Any company can layoff anyone with no severance.
It is about control. Management wants to decide who leaves. Incentives would give employees a portion of the control.
Just get folks out the door. Paying a few months salary vs letting someone hang on a year doing meaningless, unproductive work is saving money. What do you think the productivity of the bottom half folks will be, after this announcement and after 5 to 10 % are laid off each year. What a message to the Houston employees.
Then why don’t you leave?
This!