I feel all current employees who stick around to get severance might be treated badly and laid off without severance. I know some people and teams were fired when they said they cannot deliver on time with reduced staff. Do you guys see signs of this in next few weeks?
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Yep, conveniently buried the bullet about the severance policy changing around same time they announced they were going to off-shore thousands of jobs.
The change could be keep at 1 week per year of service, but cap at a lower number. That would make the most sense since it’s the long tenured folks who cost the most in severance pay
The previous comment about keeping an eye out for revisions to the severance doc is smart.
When they changed the severance policy on 1/24/24 (from 2 weeks to 1 week per year of service), they hid notification of the change within a Nielsen Nsider email sent on 2/8/24. The "In This Issue" box had 12 bullet points to highlight what was in the email, but they conveniently forgot to include a bullet point for the U.S. Severance Policy update. Good thing there was a bullet point about important things like pet adoption though...smh.
They were probably banking on the fact that the majority of people don't bother (or have time) to read these stupid emails.
Keep an eye out for revisions to the severance doc.
Anyone have an idea of US employee count nowadays?
Current severance policy will most likely remain in place until the end of 2024. If any changes are to be made it will at the start of 2025. So many people are gone and the people that remain are worn out, it will be easy to
Implement.
What does this EVEN mean???
That the only reason people like you are still here is because there's not way in the universe you can find another job like the one you have.
To be fair, he has a point! There's not much talent left here and there's no way that people with a choice will chose Nielsen!
“What does this EVEN mean???”
He’s saying Nielsen is not able to attract people … anyone with an alternative is opting for the alternative.
( just explaining)
‘Today they don't even hire people that can even find another job.’
What does this EVEN mean???
Hard to believe that, not too long ago, Nielsen was on the SP500.
Today they don't even hire people that can even find another job. I'm not sure why anybody would work for this company (outside of opportunism, pure stupidity, etc)
You give them too much credit. It’s not owed or required by law so why not? At this point no one is fooled
There's a severance policy. Don't think they can just get rid of that without telling anyone. Doubt they would get rid of it entirely, but a further reduction is possible.
First wave of SMP markets will be cutting MRs and FRs in the coming weeks.
Good point. One way to slash costs even more is to cut severance. It isn’t required by law. So those still there please keep this in mind
I don’t have direct evidence of these situations, but it wouldn’t surprise me. After the pressure to complete the handover, the next level is all about delivering. If people fail to deliver, I don’t expect the treatment to be lenient.
First, they take resources and shift them to India or the GCC, and once that’s done, the focus moves to delivery. Given how certain people operate, I wouldn’t expect them to be kind or flexible. They tend to treat everyone like they treat their workers in India—where they’re used to managing people as if they were mere executors without any rights. Unfortunately, non GCC Nielsen seems to be stuck in this situation, treated like “slaves,” just as many Indian workers are.