Here's the analogy: remember how first class seats and business class seats account for a large portion of profit for airlines but only count for fewer seats? Economy class has the most seats but is the least profitable segment. The same goes for... — read more
When your company bites. The media is your friend
Everyone here has an opportunity to shine light on the darker corners of Sabre. You can do this in Anonymous ways. I would encourage you to do so. Here's how you do it with no further negative impact to yourself. email details to the... — read more
Companies can furlough in India also without pay
https://m.timesofindia.com/business/india-business/oyo-asks-some-india-employees-to-go-on-leave-with-limited-benefits-cuts-fixed-pay-of-all-by-25/articleshow/75290663.cms
Why a loan instead of government assistance?
Airlines got billions. They cannot layoff or furlough employees because of this until Sep. 30, as far as I know. But it also limits executive compensation. Why did not Sabre take government assistance? Anyone knows?
Furlough vs Lay-off?
What is difference? Do you get severance with a furlough?
Pay reduction with unemployment
Has anyone filed for pay reduction unemployment in DFW? I just filed today but not sure how much to expect back since it’s pretty vague via the website.
Another Volunteer Program?
Anyone know if there will be another round of a volunteer program with severance before layoff? CEO already mentioned we would come out of this smaller so I know a layoff will occur soon. I think more will volunteer as the COVID-19 scare subsidies... — read more
Retrenchment
In past retrenchment exercises think 2018 and 2009 was there any general trend as to how it was decided who would get laid off? Seniority - last in first out, points based, or functions based? Etc.
Unfair severance package
So finally lucky people got their severance email today that 24 is the last day for them. Company will serve them full salary for 10 months who took this opportunity. There are people who worked as Directors, Sr.Directors for the company only few... — read more
Layoff vs furlough?
Does anyone know if Sabre will furlough instead of layoff?
Anyone care to weigh in on what this means?
Is Sabre borrowing vast sums of money or repositioning debt for Chapter 11? https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/sabre-corporation-announces-offerings-senior-120900120.html
Shirk Unplugged Recap
"I can't answer that" or "I don't know." Translation: we're still crunching the numbers with airlines shrinking post COVID-19 by 30-40% you can bet Sabre will downsize an equilateral amount. Prepare for the mass purge of US employees for a 5:1... — read more
April 21st can't come soon enough
For those of us who volunteered, this waiting is difficult. Can our managers give a hint like "I think you will be offered severance" or "I won't stand in your way"? Will anyone be notified before April 21, or does everyone have to wait and be... — read more
Pay reduction and unemployment
In the US, can you file for unemployment pay to compensate for the pay reduction? I have a friend that claims this can be done if taken a pay cut. Any truth to this?
Voluntary Pay Cut
Does anyone know what was the take up of voluntary salary reduction outside the US?
COVID 19 - Layoff Alternative
If statistics hold, we may actually "lay off" about 550 people due to death by COVID-19. Not trying to be morbid, these are facts. HR or "People Team" don't get any ideas about moving us back to Tier 1 to up the numbers please.
The countdown had ended
If you are in DFW you've made your call. Did you stay in the game ? Did you get out ? If you stayed, The next 100 days should very interesting. I promise you this. Most of us aren't getting out alive. If you left, Was your severance long... — read more
Bailout money and layoffs?
Would sabre be able to get any part of the bailout money created specifically for airlines and travel industry? If so they would not be able to layoff anyone till September correct?
Dear HR: Please stop the 5/10/15/20/25 year gift stupidness!
This is really not related with the current crises. Someone in the HR decided to outsource the 5/10/15/20/25 year anniversary gift giving to an outside company. You can, literally, have to choose one of may "totally c-ap" stuff as your gift. None of... — read more
Sev package bites
I just wish the Sev packages were fair. Again take care of the rich over paid SVP /VP / Director levels and leave the commoners with no incentive at all. Everyone should have been offered at least 39 weeks. BS. Now i have to wait this out a... — read more
There should not be layoffs
During this Covid-19 time, most of the companies are saying that they will not lay-off their employees. I hope Sabre will announce the same so that people can feel little relief. There are lot of lives which are dependent on this. Company should take... — read more
Non compete?
If I take the voluntary enhanced severance then how long is the non-compete in force and which potential future employers does it apply to? If the maximum severance is 6 months but the non-compete is 12 months then that shouldn't be legal and it... — read more
For greater good
Current unpaid leave program ducks since you don't have any surety that you will have your jobs afterwards even you are doing it for greater goods. Sabre could have come with a better plan where they can encourage everyone to take these leaves... — read more
Pay cut
One of my friend told that he did not get the 15 percent payout in the current check. I can see that pay cut in my check though. What does it mean? Will these people are safer if Sabre will do lay-off in future.
Enhanced severance eligible for unemployment?
For those in DFW, has anyone looked into whether or not taking the enhanced severance package leaves one eligible for unemployment benefits. I know Texas has some stringent qualification criteria for unemployment normally.
Severance Calculation
Confused, please help. Let's say an hourly wage employee makes 2K per week and has 10 years of continuous service. {Using round numbers for simplicity} What is the enhanced benefit severance amount ($) for that employee? TIA.
Dear Management: Please cap all salaries at or under 250K
Capping all upper management salaries at 250K will probably save hundreds of US jobs and/or thousands of non-US jobs. If any manager/VP/SVP thinks he/she is worth more than that, he or she can find a job > 250K, and then Sabre can match it. But I... — read more
People who volunteer for pay cut will be saved
I came to knowledge that people who volunteer for pay cut will be saved. All other will be considered for layoffs in first place if necessary.
Stimulus help for Sabre
Is this an option for Sabre? Do you think it would make a difference with impending layoffs?
Impressed with Menke’s leadership so far
SM is doing a good job leading the organization through these difficult times for the industry. Managing through this is not easy and he has made several tough decisions that demonstrate his commitment to the people and longer term objectives for... — read more
Voluntary Salary cut outside of the US
What are your thoughts about the voluntary nature of salary cuts for all non US employees. If you were asked to give up a percentage of your salary would you do it?
8.8 million reasons
Menke's base salary was $966,000 in 2019, but he was paid $8.8 million in total compensation, according to regulatory filings.
Hope
Don't lose hope folks. This is not end of the world! Pray and stay safe!!!
Sabre stock closes today .50 cents a share!
What happens if it drops to zero?
Who's up for Severance ?
Waiting to see what "Enhanced" Severance really means, but I'm looking forward to jumping ship if its got decent financial incentives ! Thank You !
If you believed leaders would listen, what else would you suggest to keep the doors open
What would you double-down on, what would you eliminate
Choices?
You just saw the options. Stay or TVUL or VS or VER. Which option do you prefer?
Lists are being created
Importance of products in terms of continued work in 2020 are being stack ranked aka "who is expendable?"