Can't help but think changes/time line to PEP is to safe guard company for further layoffs. We are "reducing documentation" and no performance ratings. So no documentation when a top performer gets laid off...
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Un effing believable
Toxic Dying Company
Run, don’t walk
Xerox “Benchmarked “itself to “Mediocrity.”
MIP hasn't been tied to performance for the past 20 years.
I didn’t see any email about this. Where is it documented?
Seen this at Kodak. This is how they froze wages. I believe that only the top 5% of "critical jobs" would even qualify for a raise,,,and that was no sure thing. This went on for years, along with repeated layoffs.
Can’t trust anything in this company any more!
As far as top performers being laid off, that’s never been an issue. Between the balancing out for various groups (age, race, gender, Job grade, salary, etc) performance has not been a major driver. In addition by eliminating jobs rather than targeting specific employees performance becomes a non-issue. So don’t feel that being a high performer would have protected you from an IRIF. I was a high performer & my job was eliminated so I was let go.
Can you believe a major corporation is not doing performance ratings for anyone? Not only does this make it easier for the company to defend IRIF actions for higher performers, but it ALSO means there's no way to effectively rate/review performance for MIP/Merit Increases next year. My guess is there will be no performance increases in 2019. Sure, it was usually a paltry 2%, but at least that kept you close to the rate of inflation so you still didn't "lose" compensation.
Wow, thanks for pointing this out. I didn't read her email closely. No ratings for this year. This on top of the changes to HR policy to let them lay people off without severance. Shaping up to be a bad end to 2018.
Everyone needs to pay attention to this. Even though they have already let many people go, they are STILL working to make it EASIER to IRIF many more.
Still feel obligated to defend them? Still feel like you should "just keep your head down" and hope no one puts your name on "the list"?
This WILL affect you - either you will be part of the group that is let go, or you will be forced to take on additional work that the IRIF'd group previously did. Obviously being let go is the worst of the two options, but do you really want to stick around to do 2-3x the amount of work, for the same pay, with the threat of even more layoffs hanging over your head?
I've been here for many years so I know how hard it is to mentally make the decision that it's time to get out. I'm covered up in my work and work that IRIF'd team members used to do, so finding time - or the mental strength - to finish a resume, schedule outside interviews, etc, is tough. But with everything that's happened in the last 2 months I'm convinced they are only looking to boost the stock price and financial ratios for a sale/merger/consolidation/break up. I'm involved in discussions on projects that affect our group and others and the executive team will only look at projects that deliver results in the next 6 months or less. When their focus is that limited either the company is on its last breath, or they are preparing for a sale/merger/consolidation/break up. Do you feel comfortable working for a company in either condition? Look at everyone on the executive team - do you see anyone that has been part of a successful turnaround in the past? No - their experience is in sales/mergers/consolidations/break ups. Don't listen to what they SAY ("we're going to be a tech powerhouse")....look at what they DO (extreme cost cutting, thousands of IRIF's, no hiring occurring in "tech powerhouse" areas/groups/methodologies).
I'm thankful for the different roles and opportunities that this company has given me to allow me to provide for my family and put kids through school. But I do not have blinders on. The Xerox landscape is about to be drastically different, and not one that I think many people will enjoy, or be around to experience.