My site had the first layoff ever in its 20 year existence and it appears management is preparing for more waves. What does this secret layoff thing mean? You can’t tell anyone you were laid off? Can you apply for u employment?
7 replies (most recent on top)
I think people are confused about the NDAs. The company is asking the manager of the laid off person (who probably had no involvement in deciding to layoff that person) to not say anything about it.
And remember that investors love layoffs. Wall Street would prefer companies to not have any employees at all. All investors care is about squeezing money out of the company today.
Why is everyone so upset ? the blue economy is doing great ! just go out and get another job, forget IBM
"NDAs signed under duress or without comprehension of legal language and consequences can be challenged in court." https://www.cantbuymysilence.com/nda-info
The same goes for NDAs signed under pressure or with no real ability to exercise freedom/alternative/choice, e.g. go broke/lose the home next month unless you sign this.
Maybe IBM trained the managers to shock the staff and while they're still palpitating in humiliation and awe they say "sign and we'll pay for 3 more months".
If enforced/compelled, it is non-consensual.
If improperly done, it's illegal.
It’s normal for big companies to do that nowadays but there isn’t normally an NDA that says you can’t tell people you were laid off or is that not what it says?
aiming to trickle out the numbers in an effort to avoid WARN Act notifications
@OP
you have nothing to lose by posting the name of the site here. Alvind and the Pipmunks have more to lose than anyone else especially with the rising stock price. If the word just gets around that IBM is not the big success that these executives make it out to be, things could fall apart. Bad news stinks in this economy.
If One Madison Avenue has leaking toilets, it doesn't make the news. But if the place is hemorrhaging jobs thanks to Alvind, the company has to pay more money to keep that out of the news. Not all the media like the IBM company. IBM needs to bleed for all the layoffs the senior executives have done in the US. Couldn't happen to nicer people.
It's not that it's secret that you've lost your job. It's just that they're not announcing that loads of people are losing jobs at the same time together. It's mostly to stop the investors freaking out / PR , as beyond a certain point it does start to look like a sick company.