If the economy turns around, do you anticipate any MetLife layoffs? Any chatter, news or rumors?
8 replies (most recent on top)
@sleazy Rolling layoffs also let them skirt around the WARN Act. Lay off just enough people every quarter to go under the radar of WARN and not end up with a WSJ article about your layoffs. I would bet good money that if you added up all the people laid off in 2021, it would be enough people to trigger WARN had they done it in one go.
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The economy is finished
More lockdowns
Fed has two choices
Inflation or dollar collapse
Friday, April 1, 2022 looks like a good day to leave.
Collect bonus & give notice.
Someone said that you get to keep your medical benefits to the end of the month, so leaving on the 1st would give an extra month of medical benefits in case you want to take a vacation between jobs.
Get out. If you are not in anyone’s favor or if you don’t serve a short term need that is part of the continued reorganization, you are destine to be part of their on going rolling layoffs.
Wonder what the total number is since they started in 2019. Rolling is key here…keep brains until information can to transferred to someone else and keeping the total number of people dismissed under a certain amount so don’t need to report to the states department of labor.
This company is dirty. The play real sleazy. Trust no one there.
I’m out. Not working for a duplicitous company and self severing calculating people.
was told by a senior manager last month that "layoffs are a part of business so you should just expect it every quarter." that pep talk gave me the motivation to apply for new jobs.
Err, should read "kept EMPLOYEES that came with the deal".
Sorry.
I do anticipate that the economy will tank.
In such a case, I think Met will cut to the bone more, and perhaps sell marginally profitable businesses. That could effectively be a layoff, depending on how long the acquirer kept companies that came with the deal.
But, I have no inside knowledge.