We're at the halfway point of Q1. Anyone know anything? Which divisions? Is the Art department safe?
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Don't ever do something so stupid and end up losing a big lucrative job!
https://www.msn.com/en-us/news/politics/ceo-resigns-for-performing-na-i-salute-in-front-of-trump-photographs/ar-AA1zKIr4?ocid=winp2fptaskbar&cvid=9142cba0200e41209bc4c4437ab31001&ei=13
Bonuses were paid last year on March 17, so definitely some time before that.
"Thank goodness my spouse works at a different company. Each year the bonus amount is about 10x of what it was at SAS."
I loved working at SAS back in the day ... but this was my experience as well.
Thank goodness my spouse works at a different company. Each year the bonus amount is about 10x of what it was at SAS. Instead of receiving a meager bonus worth 2 weeks of work, they receive a bonus of about 2 months worth of work. Equity, too. Thank goodness for them. Plus, they get some development resources and transferable career challenges. None of this "Best Places to Work" mind fu-k bullsh-t, either. Their workplace clearly exceeds SAS in the benefits and "Best Place to Work" categories.
Kids, don't believe the company bullsh-t. It's just that -- bullsh-t.
Company Man has nothing to worry about. That's what makes him/her "Company Man". They can play the game. All the right lips on all the right touches; the definition of Company Man.
Whatever happens, the SAS CEO has told employees that he will not run his company without a profit. There’s no reason why he should.
He has told his employees that he hired “outside help” to cut costs. That always means layoffs.
Employees are not owed such warnings. Many CEOs would not give them.
Not to minimize anyone’s pain, or management mistakes — but this is better treatment than most employers give.
Good luck to all.
March and April are dangerous months. Good Luck.
Smells like next week will be “the week”. Good luck to all…except Company Man.
https://www.msn.com/en-us/news/us/experienced-workers-not-just-rookies-get-cut-as-trump-slashes-probationary-employees/ar-AA1zx45E?ocid=winp2fptaskbar&cvid=7921aea72b9243028670604d915547b2&ei=14
Two Million Federal Workers Offered Resignation Package
Federal employees face a critical decision as the White House introduces an unprecedented buyout program. The initiative offers eight months of compensation while raising concerns about government service delivery.
Source: Money Talks News
I hope SAS is not like this. We still have a CEO with a heart so be thankful.
https://www.msn.com/en-us/money/companies/meta-approves-bonuses-of-up-to-200-of-company-executives-salaries-a-week-after-laying-off-3-600-employees/ar-AA1zvO2r?ocid=winp2fptaskbar&cvid=5e0bd14ad7004c74d9beebb4b9b4413b&ei=157
I only post after huffing.
Please don't post while drinking.
Said the only person in this thread that I'm sure is "low- or non-productive". Thanks for speaking up, friend. Now we know who you are.
Or not. How many employees are low- or non-productive?
The U.S. Internal Revenue Service (IRS) is set to lay off thousands of employees next week, according to a late Friday report by Bloomberg. This decision could strain the tax agency's resources during the crucial tax-filing period.
https://youtu.be/dQw4w9WgXcQ
https://www.youtube.com/watch?v=x5oLcqLzmYE
US embassies told to prepare for staff cuts as Trump overhauls diplomatic corps, sources say.
President Donald Trump's administration has asked U.S. embassies worldwide to prepare for staff cuts, three sources familiar with the matter told Reuters on Thursday, as part of the Republican president's effort to overhaul the U.S. diplomatic corps.
https://www.youtube.com/watch?v=5Dp1qoiTKsQ
“Millions of federal employees”
So far, Fed layoffs include about 75,000 who took “buyouts” (actually deferred resignations) plus about 200,000 who were on probation.
Those folks were the low-hanging fruit. The Administration wants to lay off many more. But remaining employees are protected by unions and Civil Service regulations, so their fate will be decided in court.
It’s an odd economy: a booming stock market, with lots of layoffs. SAS may have a window to IPO before the next recession.
In a phone call described as "all-hands" by Reuters, the CEO of Jeff Bezos' Blue Origin announced layoffs affecting around 10% of his staff.
The company-wide layoffs will affect around 1,400 people.
Blue Origin had 14,000 employees before the layoffs with offices in Texas, Florida, and Washington State.
If total fed employee count is ~3M and excluding military/USPS workers leaves ~2.4M, where do “millions of federal employees” come from to be laid off?Agree or disagree with recent policies and trends, but at least be more fact and less hyperbole. Otherwise, a comment is just one more datapoint from an extreme radical tail of the curve—and both tails are overrepresented by id--ts who couldn’t find a fact if they bought a Fact Finder 3000.
I expect more SAS layoffs coming.
Many corporate companies are laying off, including Meta 5% of workforce (4,000 employees). Millions of federal employees are getting laid off too.
https://www.youtube.com/watch?v=0VE0ds-qj5Q
I heard it from an anonymous person that a doubly anonymous person who doesn’t work at the company said…
JMP & Art Dept are John and Ann's pets and are insulated.
Heard from whom? Anybody can say "may".
PSD had lay offs this week
A friend who left the company texted me and said he heard their may be packages coming. Who knows, certainly not us!
It’ll happen before the mid-march meager bonuses.
Yes