Thread regarding MetLife Inc. layoffs

Get Ready for Mega Layoffs in 2016 and 2017

Kandarian said he wants to save a billion over a year or two. OK, 10% or so cut in spending. Guess what that means for MetLife employees and families - LAYOFFS.

Not sure if this is gonna be linear (e.g., 10% spending = 10% payroll job cut) but it's safe to assume that there will thousands of pink slips flying left and right. They have already been moving stuff in IT (look at CSC posts below) and Finance and HR are prime for picking, more stuff to be outsourced and sent to India.

And, by the time they are over with all cuts, the interest rates will go up and we'll start making a ton of money again which will turn into massive bonuses for Executives and we'll end up unemployed and laid off. Sad!!!

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Post ID: @II5eQQ3

7 replies (most recent on top)

Nice post, Part Deux, except change "lying your pocket" to "lining your pocket". Too bad there is no edit capability here.

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Post ID: @II5eQQ3-4Tlwa

I've been retired from "Momma Met's" claim unit for two years. I am extremely sorry for those having to go thru the terror of not knowing and then getting the ax. The best I can say that Met ever done for me was the retirement package. I immediately turned my entire package over to my financial advisor and am making more now with other investments than I ever did with "Momma Met". Do not miss that place at all.....do miss the employees I worked with, tho. I agree that if they would dump the "upper class" that they could save a bunch.

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Post ID: @II5eQQ3-3qiuo

Layoffs happened again in claims. Any feedback?

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Post ID: @II5eQQ3-3pmnv

It has begun in Raleigh.

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Post ID: @II5eQQ3-3gjwg

If they just laid off a dozen of the asses at the top, there would be the billion really quick.. and no one would notice the difference.

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Post ID: @II5eQQ3-5daw

I will say, out of all the gin-joints I've worked and all the hideous software packages I have dealt, MetLife's is one of the absolute worse! The word on the streets is that MetLife's "claim" to fame is seriously incompetent upper management, reacting like a feather in the wind. No real vision, extraordinarily poor planning, severe micro-management environment and the employee's moral worse than custard's men before the slaughter.

I know corporate America has lost, (if you assume they ever had), their moral barometer long, long ago. I know WE are all in it for the pay day, but when lying your pocket with gold comes at the cost of our families hunger, our families health, our families social time and when you see your coworkers more often than your own children, not to mention fed bullshit daily about going above and beyond for a scrap of any BONUS that is already preordained within the department's associates, what real inspiration do they expect? I can go on but truthfully I'm not even that angry. I have been on both sides of the layoff spectrum and I will say there are most certainly positives and negatives to both scenarios. There is also ladder climbers and a---kissers abound. There are pets and slugs everywhere in every level of the company.

We will all be judged, one way or another. My conscious is clear. I have nothing to hide, but my identity because other than living off the grid, MetLife, CitiFinancial, etc., etc. SAME F---ING EXACT Sh--, different players.

The only advise I can give everyone is wallflower whenever you get the chance and step into the light for management to see that you are a "team-player," whenever you must. In the end, you will never think of these people again. You were born with family and friend's and with any stroke of luck, you will die with them.

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Post ID: @II5eQQ3-qzv

Why so quiet on this board? Get ready folks, this one is going to hurt...

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Post ID: @II5eQQ3-emb

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