Have all the people who will officially stop working on May 25 been notified already? Or is there a chance there are some notifications still pending?
I really wish I could relax and not stress about layoffs 24/7, but unfortunately that seems to be a given for me for as long as I stay employed at Sabre.
I don't care being laid off, I have a degree, certifications, good performance and past experience. If the company doesn't value this, the best is to accept it and move forward. And thank this is happening now that I am young and I can easily find another job in the market. With money in my pocket. All the best everyone, keep learning!
as a hiring manager, ive never been told specifically to create a plan that fires older people. A plan to reduce costs ? sure. A plan to move out non performers as dictated in their dpm ? sure. but never strictly based on age. (now thats just me. who knows what others are told in other orgs).
There will be new lay offs and firings. This is the new norm, get used to it.
When will Sabre's investors, Board of Directors, and the C-suite learn that using cost-cutting layoffs as a profit model is not going to work for long?
Never. The major owners of Sabre stock are Silverlake and TPG (millions of shares) and what they say goes. I believe, to them, that we are all $ numbers - nothing more. If Sabre leadership can't make money they'll find it somewhere else. And yes, the execs at Sabre contracted with golden parachutes and can only increase their income....never decrease.
They are stung a little by the employee perception. Otherwise, they would have never gone on a PR blitz about layoffs. The spin was so insincere it was visual. No one bought into the crafted messages.
Call the Texas EEOC if you think that age discrimination is rampant at Sabre.
The 25May folks should have all been contacted unless they were/are still on PTO. Some folks got a June date. If you are a long-time employee making good money expect the tap on the shoulder at some point. Am not sure it is all salary related. Older employees cost more in insurance, 5 or more weeks of PTO and are fully vested in 401K. I havent heard of any younger employees getting hit and am quite sure there are newer employees making as much if not more than older employees who have found it hard to get raises over the last decade or 2. The trend certainly has been to watch many long-term employees get hit the last several rounds of lay-offs.
We are currently in the pump and dump phase of this part of the year. The execs apply cost savings numbers into the financials via open or stealth layoffs, they spike the stock $4, sale all their shares for a couple of million, then wait until next quarter to do it again. I think we are safe until Q2 financials are announced.