Nothing confirmed, of course, but the rumors about November and December are making their way around. People keep saying that strong performance is the best protection, but after everything we've watched happen in the recent rounds, I'm not sure anyone can promise that.
10 replies (most recent on top)
The peril of working for for-profit health plans. Instead of taking care of members and employees, it’s all about the stock price.
@127 Very sorry that happened to you. Simply not right. And I an curious as to who will be taking over your role, whether that be an American Citizen or unlawfully someone on an H-1B Visa, which if be the case was discrimination against you and a direct violation as to the federal policy laid out as to when the H-1B Visa policy can specifically be implemented for hire. Both things are technically unlawful.
i got laid off as an exceeds
Ive been here almost 18 years and I’ve seen RIFs happen the first week of December.
@bk The executives are shifty takers.
@bk Oh, stop with your “conspiracy theorist” talk. You know full well that these sc-mmy executives are not above anything. Most executives would probably sell their first born child to cannibals if it would double the stock price overnight.
Remember your reduced paycheck due to the 27 pay periods this year? They will do layoffs before that 27 paycheck to save $$$$. Part of the plan all along for all you conspiracy theorists out there.
@a3 That I cannot answer. Someone more informed would need to. Perhaps someone in HR.
if layoffs would need to occur by mid-month November, given the notification requirements, when would be the last notifications? But every state has different notification requirements?
Corporate finance people can better speak to this but my understanding is 4th quarter, due to end of December holidays with so many taking vacation, corporate finance has to do the books, for the most part, by December 15th. And they are really for the most part working with financial numbers up to November 30th. And because all corporations want to finish the year showing the best possible profitable numbers, the best way is to reduce overhead liability.
Therefore, generally speaking, all corporations will do a round of layoffs prior to end of month November, to get as much liability, by means of reducing labor costs, off the books.
Normally, notifications for layoffs would need to occur by mid-month November, so as to allow for notifications, training replacements, and administrative work to have things go smoothly.