Heard it on good authority that April 28th layoffs nave been cancelled.
Instead they are working on a comprehensive re-badge strategy involving three newly created offshore shell companies. These companies will receive employees and their pension liabilities. Healthcare, benefits and generous individual awards will be administered throughout the first nine months so that the move flies under the radar, distracting both employees and politicians. After thirteen months, these offshore shell companies will be dissolved. No pension payouts, no unemployment liability, no lawsuits, no severance, nothing. Do not sign any rebadge agreement! You’ve been warned!
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Ha Ha dream on, surplus started today, 04/28, I know, I'm on the list
“simply outsourcing people to IBM and others who then dump them after a year and offshore the work that came with them overseas.”
This has typically been better for former employees longterm. Employment at the outsourced company lasts a lot longer than T severance. With a majority of surplussed employees unable to land comparable positions, they are able to get at least another year or two at the same pay scale.
If this were actually true, you are giving them too much credit for creating shell companies. They've already pulled that script multiple ways by simply outsourcing people to IBM and others who then dump them after a year and offshore the work that came with them overseas.
Pension liabilities are never transferred, unless there is an acquisition of the whole company. If the new company has no pension, you are still entitled to the one you earned at the old company.
“ Senior leadership has already said they hate you.”
More like senior sociopathic sl--e.
At least in ATS, this seems more expensive than a straight surplus. I call BS.
Layoffs are never cancelled!!! It is ongoing process. Stop spreading fake news.
Rebadging the employees that work and support copper services.
Some questions on this fever dream
If you lose your job, how are you unable to collect unemployment?
Pension is fully vested (i.e., owned by the employee), how does that legally disappear?
Offshore shell companies that bankrupt themselves make pension payback goes bye bye.
There’s no stopping Wave 1.
Stankey is underhanded!
Post from TheLayoff.com
Perhaps you should check the jobs on LinkedIn. Most are remote or hybrid.
If I can go back to WFH, rebadge me today.
Graduation plans are already set. Underperforming employees will continue to be ranked as “top performers” to ensure they can walk at graduation.
Some questions on this fever dream
If you lose your job, how are you unable to collect unemployment?
Pension is fully vested (i.e., owned by the employee), how does that legally disappear?
"The 12 months ended up being a working severance. This was actually good strategy. "
A good strategy for the company. This handcuffs the employee, not the company.
"Maybe the folks will figure out how to work 40 hours a week in the office as everyone else does"
It was easy . . . I just cut out 20 hours of work from my week in total.
“all those people who were 'transferred' to AMDOCS or IBM or whoever, then 12-18 months later, were let go w/o severance”
The 12 months ended up being a working severance. This was actually good strategy.
Wait-- they've done this in the recent past-- remember all those people who were 'transferred' to AMDOCS or IBM or whoever, then 12-18 months later, were let go w/o severance or even a second thought? T's view then was 'they're not our problem now - look at the $$ we saved!'.
Wouldn’t be surprised by this. Senior leadership has already said they hate you.