Anyone know how layoffs are determined?
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As a long time senior leader who has had to make layoff decisions, there are tons of ways I’ve seen it happen. Sometimes it’s tenure, ie last in first out, sometimes it’s performance, ie people on some kind of warning or lower performers, sometimes it’s redundant jobs, ie we don’t need this many people doing this job, sometimes it’s roles that just aren’t critical to the operation of the business, etc etc. It always su-ks no matter what, but for what it’s worth, Schwab has always been more thoughtful about it than any other firm I’ve been at. Unfortunately guys this is life in corporate America, most of us will be hit by a layoff at least once in our careers.
Have you been under a rock the past few months - that has been discussed EXTENSIVELY on this site
It sounds that a 3rd party company was hired to help stack rank...
And a list of people who “wronged them” by vocally disagreeing with their decisions, etc.
Fragile egos can’t take feedback.
You know Tim!
And a list of people who “wronged them” by vocally disagreeing with their decisions, etc.
Fragile egos can’t take feedback.
BCG: this guy looks expensive. Let’s lay him off.
Management:but he is critical to how our…
EC: do you think you know more than the consultant? If so why aren’t you getting paid 2000 dollars an hour for downsizing suggestions. Lay him off!
Pretty sure the EC uses a magic 8 ball for most of their decisions