Is it true that Management is going to lower potential CLs to reduce management positions?
11 replies (most recent on top)
Funny how they don’t share any of this. I’d like to see the question asked in a forum.
Yet another cost saving, its genius if we cut a little here and there no one will notice
Yes, yes and yes. But what a good ride we've had. We've surely squeezed as much juice as we could from this dry lemon. Sorry for the new guys. You're really fu---d. But hey it's just a job. Milk it as long as you can and move on.
Some people even got bumped down a CL.
Hopefully so, this company already has way too many people that don’t actually bring value to the company. If they were smart they would reduce MPT roles before oil prices crash.
EM has created a large team of outside executive recruiters. Home grown executive program minimized but kept in place just to give a very small glimmer of hope to HiPos.
All of the below. 28 is going to be a real stretch for those coming through, if you're a 28 now very unlikely you can get to 29.
It's a race to the bottom. This company is offering close to nothing for 90% (of HC10 at least, the ROW it's just blatant exploitation).
In addition to all of the points made in the prior replies, CLs have been reduced for 28/29 positions as well. If you are a 28 good luck making 29. And if you are 26/27, the best you can hope for is 28 unless you get to senior level exec potential.
Already done. Effectively that removed all low-mid tier execs. It's a trip to see what was once considered your n+1 assignment now as your last assignment
They already have. They got rid of CL 36 potential. Now only 34 and 38. People in were pushed to one of those (guess which one?). Additionally, they moved a lot of people from CL 34 potential to 29 to align with the reduction in exec roles the company will offer in the future.
Yes. All responsibilities will be two CL levels lower than pre-2020 Covid. It will be rare to see anyone achieve executive CL-30+ going forward.