Happy 2023, we're just going to layoff some people to cut cost in the new year to appease the shareholders. Oh and no pay increases, as usual, we need money to purchase our own stock, you know because we care about our employees, they are our biggest asset!! 25 million on average this company spends per quarter to buy its own stock because the CEO's performance depends on the stock value.
I was not laid off, but am looking to get out of this company after my short 2 year tenure, I've seen enough and I don't want any part of this misguided ideology.
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Are they also going to slash salaries like they did during covid to keep the company "afloat"? Even though they were sitting on piles of cash? And then institute new work performance goals just to get back to what you were making pre-covid?
Korn Ferry - the company that uses their employees' paychecks as an interest free loan!
Now we’re well into round 3 this year…. No problem here like a massive number of senior client partners who don’t do much. WSJ says 8% but it’s at least double that. Don’t forget to read KFs take on the best way to do layoffs - it’s the exact opposite of what KF actually does.
That continues to be my experience - cant wait to get out of there! GB is clearly dreaming of a decentralized army of robot consultants, dialing it in via Zoom... oh and lets forcibly merge all of our contingency recruiters with the Executive Search business while cutting resources. I am sure no client will notice the rapidly declining quality. The real problem are the N-1 leaders who are amassing all decision making powers amongst themselves. Do as we say dont do as we do. Executive Search at KF is on its way out.