Sometimes it turns out that layoff is not a bad thing. I personally think for many here a layoff would give them a much needed kick to get out of this misery. One should always look on the positive side as well. Given recent developments, the rumors have started that there could be layoffs soon. These are just rumors, but I still want to check if anyone has any insight.
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Of course higher paid like in engineering is hit they are target tho lower paid ones are just casualties to balance out the not getting sued for by laying off only higher paid employees
Engineering sounds right, who needs engineering when you stop building / supporting hardware. Hayford and team want to strip NCR down to a software only business.
In Engineering, layoffs almost always start out with the oldest (aka highest compensated) worker. They then even it out by including a younger person. They will claim this has nothing to do with age but somehow the oldest person is almost always hit. If there are too many older people they will relocate the facility.
Accounting? 2Q, 3Q or 4Q?
Layoffs ALWAYS happen after #1-A loosing quarter #2-when there is buy out interests.
Just had a mini RIF 5/6/21 in my department to trim the books. 4 hardworking Territory Service Manager were RIF'd, several people were moved to another Department (to force them to resign). NCR has gotten pretty good at getting the people they want to leave to quit.
Most support roles have already been moved over seas -- now higher level positions including customer facing roles are going over seas (Serbia). This was previously understood only in country face in country Customers. I see a day in the next few years the only staff in the US will be break fix techs and a few over worked sales staff. Sales Support (practically all Support), SW development, Project Management, Middle management is all heading to Serbia. They are smart and cheap, NCR is going to milk that until they obtain a buyer and the VPs + can retire rich and pat themselves on the back for building such a profitable company.
Confirmed. Layoffs are coming.
“Sometimes it turns out that layoff is not a bad thing. I personally think for many here a layoff would give them a much needed kick to get out of this misery”
This does not apply to everyone’s situation, I know it was meant well but your situation is different that everyone else’s. It doesn’t work that way
This company is trash.
For level 14 and above the severance is fair and company is professional during the separation. It looks to be based on level, not years of service. If you’ve been there a long time, check the policy and always plan for a layoff to come. The older you are it’s an eventually, not a maybe.
There has been layoffs or consolidation every year since 1996, that I can remember.
Read the earnings report on business wire
Read between the lines and see where the money was lost.