So obviously this round of MVO will have a few takers, but curious after that what percentage of the workforce do the managers expect to trim to meet their headcount levels. I'm sure someone knows the numbers , I heard somewhere between 5-10% will be asked , seems low to me..
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"15% 1st Quarter, 15% 2nd Quarter, 15% 3rd quarter ..."
Not likely that there will be a 48% headcount reduction next year.
15% 1st Quarter, 15% 2nd Quarter, 15% 3rd quarter ...
It also may be that once separations are completed an analysis of the remaining salaries will be made. If total organizational salaries meet the demanded budget then perhaps no more separations. If salaries exceed the budget, possibly more separations.
15%
Minimum 10% net, but it will be more than that in reality, since they will have to replace some with cheaper workers.
We had an MVO offer in October, off payroll 11/15. There has been no official announcement, but unofficially we are hearing the involuntary portion of the offer will result in one person per team (teams run about 10 employees) being made redundant on 12/2. The first off payroll date is 12/23, if you choose to look for a job your last day will be 1/31. This is called a silent layoff, the only notice received was the original email from Saxena stating voluntary and then involuntary if targets were not met. AT&T is only interested in least cost channel at this point. The layoffs for Bratislava and other overseas groups start next year. They were once a least cost option but no longer. If your job can be done cheaper somewhere else it will be. There are some positions that for security reasons can not be outsourced but not many. Pay down your debts, have at least 3 months salary saved, and contribute to your 401k. Start looking at what other companies pay for your job type and is the market in need of your skills. Good luck to everyone Craft and Management both.
Usually 5-10%. During the last cut, my team lost over 50% of our headcount. Work increased 10x+. It’s been a miserable year.
Word on the street is 15% on average by end of first quarter between voluntary and forced . I think in three years their will be a 50% reduction in the number of badged employees due to reductions and outsourcing.
Expectation 7-9.5% takers 2-3.5%
I think when the dust settles there will be a 15% reduction in headcount by year end 2020. Those that are left will experience higher health costs, a reduction in the 401k match, salary freezes and bonus reductions.
Upper management will see increasing pay raises as rewards for making these deep cuts.
25% total voluntary and involuntary.
In my org we are seeing around 5-10% take rate on the MVO and have already been told we were running light to begin with so I’m guessing any involuntary surplus in 2020 would be less than 5%
90%.
My guess would be around 5%.
Assuming 10% is the target then you can take out the MVO folks which may be 1%-2%; I expect the take rate to be fairly low. Then, each organization will have opportunity to meet the lower budgets with other cost cutting exercises. Eventually, a 5% cut will needed to fill the gaps.
5*10 = 50
15