Does anyone have any information on possible Layoffs? Multiple people were told to cancel all meetings for this Wednesday. The quarterly earnings call is this Thursday. This can’t be a good sign....
190 replies (most recent on top)
As one of the many let go, I’m still struggling with the process of who stayed and who got let go. I was in the meeting with my supervisor when we were told you are no longer employed. I know this is a part of life dealing with adversity but I’m still baffled with some of the people who got to stay in our Departement. The past 12 years have been dedicated to my country and to alliance data after that. Worst feeling in the world to have to tell your wife and child this type of news. Good luck to anyone who was laid off may something come our way and fast for our families sakes!
If anyone is needing a job Anthem in downtown Denver is also hiring. I’m sure you were all great and have so much to offer. Best of luck to everyone and God bless.
Regarding the potential for December and Q1 layoffs, I wonder if people are referring to those associates who were told they were laid off but will continue to work until either December or Q1. Not everyone’s departure date was immediately on Oct 23. I think this is a classic example of the game Telephone where someone heard about those associates with a delayed departure date and misunderstood it to think that a new unannounced wave of people will be let go.
Some will argue that those immediately terminated on Oct 23 didn’t get any warning either, so why should we expect management to tell us the truth about plans for additional layoffs. Frankly, I think it comes down to them just not having the ability to predict the future. If enough of our major clients abruptly go bankrupt or the feds mess with the interest rate again, will there be more layoffs? Probably so. I haven’t heard anything substantial showing it is eminent, though. They also know that if they keep current employees in a state of fear with more waves of layoffs so soon after this one, that it will be bad for morale and no one would want to work there.
I hope they are done for 2019. I am sure they will be cutting MUCH more in 2020. With loses and everything they will have to. Sad, sad.
I'm hoping some of this mention of more to come in December and Q1 is referencing the associates who were notified on the 23rd but ask to stay for the next 30, 60, 90 days. It's a very sad time right now...
If you’re told to go in meeting unexpectedly grab your stuff.
I keep hearing December layoffs and Q1. Where are people getting this from? A credible source? Making it up? Guessing? Dont add to the fire if you dont know what's going on..most of us have families to take care of and are real worried.
Leadership is being told to tell remaining people that there will be NO MORE layoffs. They're refusing to address the massive fallout from yesterday, and are insisting everyone was treated with respect and understanding. They're being called out about it right to their faces, and are pretending they don't hear us. How can any of them expect to be respected, they're all liars! I'm brushing up my resume and getting the hell out of there.
Hello All,
First, I want to say that I am very sorry that you are enduring a layoff with your company. I previously worked in the unemployment field and know just how difficult it can be.
I do want to let you know that my current company Sedgwick is currently hiring. We are a company of well over 20,000 employees and manage leave and disability claims for high profile clients. I personally represent a Service Center in the Columbus area. You can search and apply through Sedgwick.com.
Best of luck to you all!
Thank you.
Were those that were let go able to cash in their pass it on points?
As a member of the SLT for a number of years, it was painfully obvious that the C team couldn’t care less about the opinions of others. This stack ranking was BS and favoritism came into play every single time. If MM or DD liked you, you got to stay. Otherwise, you were weeded out and told to be ‘excellent elsewhere’. Clearly the most recent earnings call speaks for itself and the mismanagement of the business. How could you not know that -20% operating expense was coming??? Negligence and the fact that DD thinks she needs to hop on a plane all the time so she can tell everyone how busy she is. DD and MM are uneducated rubes who have leaned on others to prop them up over the years. Now that Ed is gone - that has become crystal clear. MM is in over her head - also very clear.
+20% by 2020?! Let’s get real — who in gods name thought that was feasible?! We barely made the budget in 2019!
I mean from looking at Deb’s too short too cheap outfits to her favoritism towards individuals who could duplicate her story, coming from a care center, the place was dreadful!
Dear Alliance Data,
You did not break me; you only made me realize I am a survivor, and I will reach my true potential in life!!! I did not cry, yell or scream when I was walked out the door, Oct 23, 2019, after 8 years as an employee. I walked out with my head high full of dignity. My faith is secure, and the Lord already had a plan for me. I started school back in 2016, and because of this unethical event, I can now focus full-time and get my degree In Business Administration fall of 2020! The new job I get will be a place that values me as a person with integrity and sincere respect, not like Alliance Data did.
To anyone who got laid off, take this time to regroup and learn new skills, lean on family, and, most importantly, be kind to yourself. You’re going to be OK. In fact, you’re going to be more than OK, because this life experience will make you more resilient in your future career.
Godspeed! Good Bless!
Yes!! This is the 3rd wave! First round, mgrs were told to enforce PIPs, second they let go of some senior leadership. This yesterday they let 300 people go — with out any compensation! They couldn’t even go back to their desk to get their belongings! The company holds so real WT not gonna say any names.
Look I was let go after 10 years and being a top performer every single year in every position I’ve ever held. I had a high headcount as well as my leaders. I helped put together a stacked ranking around a month ago and some of those people are still there. No clue why my number was called?
It was good for the first three years, the last two not so much. No Vaseline.
I was one of the 300 employees that got terminated on Wednesday. Roughly 40 people received a mandatory meeting request around 1pm for a 2pm meeting on Wednesday.
All of us, one room, terminated in unison. So gutless, faceless, coward move. So many others been there longer than me too. I’m sure more to come. I feel bad for the people still there, working in fear. On to the next one...
Does anyone know how many people were let go from the Kansas office, if any?
Starting off with Good luck to all impacted (layed of or not). There are many better opportunities out there, just need to find the best fit for you (again, for those layed off and those still at ADS).
Please read the performance of ADS. Sadly, poor VP and above leadership is to blame, loyalties within their circles impact many, I have seen VP and above do unthinkable expenditures and not look out for their employees. 2018 is when I liquidated all my stocks and never looked back. When efficiency is overlooked and replaced with overseas headcount (doing it wrong cheaper is not a cost savings), then you know eventually it will hit your organization in the pocketbook. This is when you are faced to layoff local workers. ADS was a family to many, until you realized that the Operational procedures you are accountable for does not apply to those relatives of Directors, VPs or inner circle of HR. They get 2nd, 3rd, 4th chances and yes, they did not get layed off. Good luck to all, hope the Board looks at the top level and gets answers pertaining "Where did Leadership go wrong?". Until the next layoffs (pre Thanksgiving? )
Not a great place to work anymore. Many effective leaders were either shown the door or decided to leave before this round of layoffs. Lots of associates anxious about their futures. I'd like to stick around just to see if I can survive the upcoming December and February cuts. I don't think I will, but given how nonsensical this round of layoffs was, anything is possible.
Leave reviews on Glassdoor. Prospective candidates look at those and negative ones can't be deleted.
Whoever 3wtc is doesn't understand business. At all. You know who the people are who don't understand business? The people who say that they do.
The layoffs were not done to "protect the masses". The layoffs were the consequence of years of bad decisions. You &%^$*$^ person.
Hi @4alv people downvote because they do not like what the thread says - I think they like the thread (hence 10s of thousands of visits) but they hate the fact that the layoffs are happening. My interpretation of this, may be wrong though.
I got laid off yesterday. 2 years here. This was my first job. It's sad. Good luck all.
So disappointed in this company. Many good people were let go. I even heard of one person that was let go that was only hired a couple weeks ago. Why even hire people if layoffs are happening? Was this a last second panic attack?
Why is the original post being downvoted? Obviously this was a valid question that had valuable insight.
Worked there for 15 years and chose to leave and get a new job at a different company in 2014 after watching much of my team get laid off and walked out the door one afternoon. It was a highly political situation. I was also over the ridiculous politics and forced rankings. I get that you have to have layoffs sometimes, but way they choose to execute them is consistently horrible. I’m sure Alliance Data would claim they have to walk laid off people out with no notice because sensitive customer info could be at risk but I think that’s a bunch of BS. So glad I left and sold most of my stock when it was at its high. Good luck to those sticking it out.
Moving all the jobs to India is a joke. There is no strategy for off shoring. It is all talk and no strategy. There needs to be a new leader that can think bigger and know how it will work. And a new India leader that is a collaborator and not dictator. Most companies that move jobs to India have a plan but not there. It is such a bad move for the company overall until it is figured out how it will work and how the employees will interact with US associates. I have to pay for a India person but they don’t report to me? No thank you
This will be 20K views in an hour or so. So, how is our corporate communication brigade going to stop people talking now?
Why was no one at the top included? I know there was a VP or 2 but no one above that? No Melissa direct reports. Those are the people that have caused the financial mess they are in. Some of those should have lost their jobs too but they were given another pass. Many of them have been hiring and hiring and spending and spending and then had to do a lay-off? That makes no sense. Their travel and fancy dinners and extra perks are causing many of these financial issues and lower levels had to take the brunt of the impact now.
It's happening with all I financial companies right now, the margin of profit continued to dwindle with financial moves in Europe and heightened but trade issues with this presidency. Huntington had about 200, but I knew it was coming. Anyone that follows economics does. However, as someone that worked at Alliance for over a year found the way they handled business politics was ridiculous and giving people opportunities because they were internal but not qualified. I understand the idea of promoting within, but there has to be some actual skill applied with ZIT roles. You can be the nicest person on the earth but just because you want to be a model doesn't make you one. I think the same of IT roles all the school or tenor does not mean you can be successful and contribute equally to a team. When one person does the job of three, thats a problem.
When you have 200+ India positions already, where do you suppose layoffs are going to happen? Your Easton development teams haven't been able to replace retiring people or hire badly needed resources all year. When your CEO, CIO, Sr. VP and 2 other very senior IT people leave within 6 months, it is not hard to see what's coming. You have a company supporting 250 clients with the same number of developers as when you had 40. The marketing and "partnerships" teams needed pruning. Hitting the collections department seems ignorant.
I knew when they hired offshore we were all doomed. Now the loss of Barneys, Ashley Stewart, Samuels, Viking, Gander, all these stores going bankrupt! And that's only a few! You can thank Amazon for that. As an 8 year employee you are not as valued as you think. You are just a number. When you max out at your pay grade you are let go. Leadership talks out of both sides of their mouth to tell you what you want to hear. I also see more in the future and as for the holiday bonus? I say it left with Ed. He was a big loss.
It has nothing to do with a bottom 5% or any ranking. A lot of the folks that were cut weren't even in positions to have a ranking. It has to do with a lot of things like how much did they get paid, length of tenure, how many direct reports, are the people under them that can be moved to someone else for less money and the same work, do we even need their position or are their too many managers, supS, leads , etc. Can we still run without them? Are they a vital part of a team? Normal things businesses run on.
I completely understand the financial need to cut expenses, but I feel like they cut the heart and soul of out the Easton facility yesterday. They let go some AMAZING people who had devoted their entire career to Alliance. I still have my job, but now I just feel angry and sad.
Guess it’s a good time to take advantage of the resume workshops.
The termination of 38 supervisors on March 6th this year was the beginning of the end. My peers and I knew there would be more... and there were, 155 collectors, Supervisors, Managers and a Director lost their positions. Severance was paid and we’ve all applied for unemployment if we didn’t get a new position right away. no rhyme or reason for the closure of this site.
The are a lot of questions here regarding “the list,” and I can say for a fact it was made solely by politics.
Good and Bad performers went to work today. People who did not understand structure or responsibilities made the decisions. I was not let go, but I can tell you this company will never be the same.
Just a quick comment regarding the thought that the bottom 5% were chosen. I don’t believe that was the case; however, the whole ranking system is a total farce. People who were good performers were forced to be ranked because the team had to put someone there whether the person deserved it or not. Also, all about politics and not performance.
Additionally, telling people who had spent years working for a company they believed in, only to go in and be totally blind-sided and walked out like they were criminals, to not “dwell” on it is ridiculous.
Well thanks to 300 that took it for the other 10,000 on the team! I’m sorry this happened and wish everyone well. This is business and sometimes tough decisions need to made. It’s not personal but just how business works. I come from a small business background and guess why they stay small or close up with major debt? Because they get personal with employees and refuse to the make those decisions. Now everyone is out. I know my job isn’t secure so I’ll pay off debt and be ready for whatever. Until then I will give my 1000% to this company and continue to collect like I have since day one and I hope the rest of my fellow collectors are on board.
Will there be more layoffs soon?