#exit

Posts mentioning hashtag #exit

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AI not cost effective.

Reports have shown that the average data center has a turn over of 7 years. After 7 years, you either add to, scale out or build a bigger better revamped datacenter. For AI, the estimated average is every 2-3 years at 1 billion (or more) each time.

Companies are now looking for ways to back out of it after already throwing 500 million or more into it without looking like it was a mistake. Dare I say they are using AI in order to try to figure out the best spin control to justify pouring money into AI and NOW trying to back out of it. LOL

Is or does Citi fall into this category? I dunno but I do know that other companies are pumping the brakes just a bit and are looking at exit strategies.

#AI #BusinessTransformation #CostCutting #Exit #Layoffs

Starting at Optum | Have an exit plan

After accepting a job at Optum, be sure to have a solid exit plan within 12 months. This is about how long it will take them to decide to replace you.

Pattern: Hire, layoff, replace, repeat.

Other pattern: Hire, layoff, AI, ??!?

Restructuring is constant. It does not matter if you are a high performer. They hire a consulting firm to evaluate demographics of employees when conducting layoffs to prevent discrimination lawsuits. May the odds be ever in your favor.

#AI #Exit #Layoff #Restructuring

AI AI AI AI

How secure are you in your job ?
My day to day has been completely replaced with codegen.
Everything from coding, reviewing and analysis.
I havent used my brain in months, everything is done by AI.
Its a blessing and a curse.

As soon as they can resolve the issue with accountability, you will be made redundant and unemployable.

What is your exit strategy ?

#AI #Accountability #Exit #JobSecurity #Layoffs

You'd think that after all these cuts, we'd be left with its strongest performers

Sadly, that's far from what happened here. The people who knew how to play politics, who knew how to hide during the bad times, they're the ones who mostly survived. Most of the people who actually knew how to lead, who had real skills and real experience, they're gone. What we've got left is the worst management team I've ever worked under and most of the rest of us who do the work looking for an exit.

#BadLeadership #Culture #Exit #Layoffs #Management

Run for the door

Seriously, everyone should be updating their resume and be actively looking, and when you find something you like get the he-l out because if you wait till the day of that unexpected TEAMS call you will be fu@ked. At this point I would not be expecting any kind of a severance package. What little money they have will go to pay the Sr. Exec group their high 6 and 7 figure payouts before it all crashes.

Decent advice from @ep+1kr20x9vq.

#Exit #JobSearch #Layoff #Severance

Dysfunction, Dysfunction, Dysfunction: Bring Back the Chevron of 2010

I have been with this company since 2009. I started when it was HES and watched it transition into HSE (because someone's favorite thought it sounded better). I have worked across multiple parts of the function, including remediation and operations. At the lower levels, the work was solid and the mission was clear. As I moved up over the last 15 plus years, the reality became impossible to ignore.

For years, I dismissed the posts on this site as noise from disgruntled employees or people upset after layoffs. I genuinely believed the dysfunction being described could not reflect the Chevron I knew. I was wrong, and I am disappointed in myself for not listening sooner.

What I have seen at the senior levels is staggering. A function led by people who have never worked in the field. Leaders who talk endlessly to sound informed but contribute nothing of substance. Leaders who take credit for the work of others and present it as their own. A culture where competence is optional but connections are everything.

And yes, the nepotism is real. If you are tied to the right executive by blood or marriage, you are untouchable. I have personally seen performance ratings overridden because someone was someone’s daughter. That is not leadership. That is not integrity. That is not the Chevron many of us committed our careers to.

Everything I once dismissed as exaggeration has turned out to be true.

After more than 15 years of service, I am planning my exit. I will stay until I secure my next role, but it is clear this is no longer the organization it once was and no longer the place for me.

It is time to go.

#Culture #Exit #Layoffs #Leadership #Nepotism

Lawyer Up

I hate hearing everything that current employees are dealing with. It su-ks. It was a great company and I was proud to work there. I worked at Fannie Mae for nearly 20 years.
I was part of a big layoff several years ago. I was laid off just before a large scale early retirement package was set to be offered (and it was widely known this was happening!). With my downsizing, I was offered an AWFUL exit package (with no extended insurance and less $ than expected). So I hired an attorney.
I HIGHLY recommend that anyone laid off - do not sign your letter before you speak to a qualified attorney. Trust me - you’re leaving a lot of money on the table.

#Advice #EmployeeRights #Exit #Legal

EXIT DATE, PACKAGE AND INTERNAL JOBS LISTINGS

As CR stated, 75% of LR will be re-hired where needs are. True or baloney? Everyone getting four months salary with benefits, then COBRA? Exit date set to July 14?

Did team leaders announce send off and good luck meetings? Or a nice kick in rear, and message - have a nice day….

#COBRA #EmployeeRelations #Exit #Layoff #Severance

30% is really 50%

EM announced a target of 30% India, 30% Spring, and 30% sites. Hidden in those numbers are at least 30% of the people at Spring will be from India and 30% of people at sites will be from India. So real target is 50% of all EM employees will be working for 1/8 normal salaries.

They want as many people on normal salaries to quit as possible, or exit via the NSI layoff scheme.

Announcing the % of normal salary employees that Need Significant Improvement prior to the start of assessment is actually just a layoff target without notifying the Texas Labor Board.

#EmployeeRelations #Exit

When you leave, who can read your emails?

I was laid off a couple of month's ago.
Out of curiosity, I sent a test email to my old address to see what happened. There was no bounce back reply from the server.
Does that mean my mailbox is still active and someone like my old boss has control of it now?

#Concern #Email #EmployeeRelations #Exit #Layoff

Its just a gig

The era of the lifelong career at Verizon is over. Instead, view your time here as a strategic gig. Leverage the company’s resources to sharpen your skills and build your toolkit, then move on when the time is right. If you don’t plan your own exit, the company eventually will. True career fulfillment lies in knowing when to transition.

#Career #Exit #Layoff #WorkLifeBalance

LinkedIn Done Right

Saw someone on LinkedIn posted the best message I’ve seen. No s-b story, no anger, no how bad it’s going to be without them, etc. Instead a message on helping pick others up, laugh, smile, etc. Reflection wasn’t self promoting of all their accomplishments but instead centered around being touched personally by those who reached out.

Can’t remember their name because not a contact but the most real and human way to navigate. The self promoting, company bashing, or s-b story posts are all too common.

This is very different than another tech person post who basically said “I’m so amazing don’t even ask me to waste time writing my achievements on a resume. I’ll just tell them to you if you want to talk.”

#GoodbyeEmail #Exit #PersonalStory #Culture