Maybe it’s redundant to say that the layoffs are going to be tough, given that it’s never easy for the affected people but I'm talking about special circumstances that could make it even harder for the affected folks. All of our competitors have already gone through restructuring and changes and have already reduced the headcount of its workers. I don’t have to point out that the business is changing and that companies are in demand for a different kind of employees. The folks that get cut at T will be facing an overflooded job market and reduced demand, so whoever is in the position should start looking for jobs in different industries.
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OP, the situation is the opposite - at least for the moment. Unemployment is at historic lows and companies are struggling to fill key positions. Companies are forced to offer relatively huge $$$ to lure someone away from their present position, and the candidate is just as likely as not to use that offer to eek out a raise from their current employer and remain put.
This situation should remain more-or-less true for much of 2019, though all signs point to a gradual economic slowdown running all year and potential for an eventual recession beginning some time in 2020.
This is probably the best time in 90 years to be laid off, if one has to be laid off. Finding a position of value does take a while if you are in your 40's or 50's but it most definitely can be done. In the meantime, there are any number of lower-pay, low-skill jobs one can take to make due while searching. Best of luck to everyone, you will eventually be fine!
Tougher??? Three different sources of mine are calling it a bloodbath.
Agree, I am in ATO, IT on a T2 support team. Assuming alot of companies outsource their work and will continue to do so along with the likely chance of a significant pay cut when moving to another company I am going to be looking to do something entirely different, get out of IT and the on call rotation that goes with it and having to deal with all the headaches that come with working with offshore contractors - my experience here at T is they often dont have the commitment an employee has and T has sold out to these companies and they continue to staff up with inexperienced people using T as a training ground.
Too many bell heads trying to run the transition to a software business.... Command and Control in VP Haymons organization is the name of the game. Just the opposite of Agile.. Oh well.... It shows in the steady decline of the stock price.
I agree. I was surplused after 10 years service. Unless you go to work for another telco, as a Service tech, your skills don't easily transfer. Luckily I had military background in Electronics and PBX systems. I went through 2 lesser jobs to finally secure a 7 year contract with military contractor. You must have some fundamental skills to fall back on. If you don't I would advise some real world training and certifications as you will need them. I will not fall behind ever again. I learned that lesson at T. GOOD LUCK!
True, one big issue I know with T is so much of the knowledge about systems and procedures is proprietary and doesn't transfer to other companies.
It's like my time in the Air Force worked on do many vendor specific systems non of which existed outside the military.
A lot depends on your job, if your in sales and your good, you should easily be able to transfer to another company. If your in IT hopefully you didn't spend the last decade supporting some legacy system in C++ , because unless your going onto kernel, driver or hardware development those skills are not in high demand. If your in the field a lot depends on. Your role.
Bottom line is folks need to be open to opportunities even those that don't exactly align with what they were doing. None of is here are one trick ponies.