No matter how good you are, what your PDR scores are or who you know, the fear of a layoff affects everyone. A company that takes pride in being fun and embracing diversity will also walk you out on a moment’s notice. Has morale ever been this low?
6 replies (most recent on top)
At this point, I count it as a blessing getting lay off. The economy is robust in the DFW area and I will probably make a lot more money than I am now. I hope I'm on that list !
No touch, age discrimination is rampant after you reach 50 and above. I’ve had a great career and I don’t have a bloated salary. Started at age 21 and learned the business. Have a marketing degree. I saw then hold people my age were treated and I planned well! Socked away 401k and I have the pension. Have no debt other than 2.5 yrs left on car payments. And anything bought on credit is for miles and paid off quickly. Zero int cc used for planned larger purchases. Nothing will probably change , but then again it just may. I’m looking forward to retiring next year before I reach 60. And as far as younger more “tech advanced” workers. Those are the REAL id--ts. People of my era built this company and sad to say are now watching the current crop of do nothings waste it. Don’t live in fear. I’d love to be laid off to collect a severance and bridge my way into retirement l.
My favorite are the id--ts who spend 30+ years with PepsiCo who pander to the crowd only to be laid off. Most of them think they are worth the bloated salaries they get for PepsiCo. Good luck against younger, more technologically advanced workforce.
The best day of my career at Pepsico was getting layed off in February, getting my package and leaving that toxic place , Don’t live your life in fear of a freaking junk food company.
Indra - 1.45 million shares
Polhad Brothers 1.15 million shares
Al Carey - 281,804 shares
Hugh Johnston - 204,503 shares
Thomas Greco - 147,922 shares
Looks like IKN gained a great deal with a 15% dividend increase.
We live it ever single day. We put off major purchases and sock away every dime we can save just in case tomorrow is the day we are asked to leave. I can only imagine there are people working at other companies that live with the same fear. The big issue is the rich continue to gain from increased productivity while the rest of us barely keep our heads above water. The recent 15% dividend increase is a great example of this. Look up the largest individual share holders of PEP and you’ll see what I am talking about. The top leaders of PepsiCo s---ed profits for themselves. End of the day we as employees will gain 1%-2% in a weak pay raise. Eventually, something will have to give. Otherwise, we will continue to find ourselves falling behind.