Thread regarding MetLife Inc. layoffs

Layoffs incoming

A $6 million dollar reduction is significant. Plus, claims may not be able to close any more offices as they are down to just six claims offices from eleven claims offices in the last 10 years. The company is adamantly opposed to remote/virtual workers so they need to have offices for employees to work. There is only one place you're going to achieve expense savings, reduction in head count. Which is corporate speak for layoffs.

Exactly what @W1NqJFz-5spx said. Be prepared for major layoffs, because there are no other options left, unfortunately.

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Post ID: @W8uIeMq

2 replies (most recent on top)

Indian heads cost less, so your head goes first, economics 101

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Post ID: @W8uIeMq-1rbw

I'm gonna have to go ahead and disagree with you on that.

6 million out of say 2,700 heads x $100,000 all in cost per head is around a 2% reduction. Call it 3%.

Now, think about what you and your co-workers do. Is there some boring, repetition work that is time consuming? Say your team figures a way to automate that. Saving 5% of the time ought to be reasonable. You might be able to save more with some thinking and help from IT. Maybe 15%.

So you might think: aha, if we save 5%, they'll terminate 5% of the work-force.

I don't think they will. A 5% savings allows for some attrition, and even some pay raises for those that remain.

To do it otherwise will cause serious morale issues. Productivity will sink and costs will rise. In that case, the Chief Claims Officer's job will probably, eventually, be on the line.

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Post ID: @W8uIeMq-1vss

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