I think that Q1 will be OK but after that things could get ugly. Any thoughts?
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They've hired a third-party company (McKinsey) to analyze the workforce and basically run an algorithm that assigns a "cost" to an employee or a group of employees. If you are a high-cost employee then you're gone.
For anyone who has already been forced out involuntarily it is already ugly. Yes, you have every reason to be concerned as UPS does not care about you. Sure, they will say 'Thank You' as you are pushed out the door; but what good is that? It is sick and shameful of UPS to treat those who gave so much and trusted that their hard work would be rewarded to be ultimately abused in the end. I hope that you are not over 50 and not ready to retire. What a rotten thing to do because it is nothing but greed to outsource these jobs to foreign countries. The current CEO who is an outsider more than likely has everything to do with this. There were layoffs before, but legitimate alternative jobs and demotions where at least offered with the previous leadership (real UPSers). Not now though, if you are going to be let go and are 'encouraged' to apply for other jobs it is nothing but fantasy to soften the blow until your termination date arrives. I wish you well.
I'm not sure but I think it will before the pension restructuring 401K bumps are supposed to take place next year. For some reason, all that information is no longer on the website. There have already been BD admins let go last month. The last rumor I heard was that they are going after operations next, but I'd think they aren't done with anyone who is due to get the 401K bumps. This includes me, so I am very worried.