The riffs are pouring now.
13 replies (most recent on top)
ADEA .class action sounds appropriate, if there was any money left.
A disproportionate number of age 40+++ employees have recently been let go. They were there longer and due to positive evaluations received good increments. Additionaly many earned higher salary promotions.
Net result, higher new for less. Dump older and lower expenses.
Look at the vacation plan which dumped accumulated vacation. Older employees lost the most.
Are there any patterns based on race or gender or age of those who are losing their jobs?
Yes I know they can fire/lay off if they want to. Here in AZ it's a right to work state so I understand that part of it. I just wish I could report that they have had at least 5 training classes in the last 6 months and two huge layoffs. The layoffs out weigh the training classes by far too. It's a scam to get people in to boost morale and make it seem like everything is good and numbers appear better then after start reality sinks in and quarter close numbers reported they lay off. Only management and upper management knows why and what's going on. One of them needs to come forward. Maybe they will once they get fired too.
Yes I know they can fire/lay off if they want to. Here in AZ it's a right to work state so I understand that part of it. I just wish I could report that they have had at least 5 training classes in the last 6 months and two huge layoffs. The layoffs out weigh the training classes by far too. It's a scam to get people in to boost morale and make it seem like everything is good and numbers appear better then after start reality sinks in and quarter close numbers reported they lay off. Only management and upper management knows why and what's going on. One of them needs to come forward. Maybe they will once they get fired too.
The company can fire employees. Nothing to report there. The bigger problem is how and why it is being done.
*least
Yes exactly a sham!! I wish I didn't live in a right to work state I would f***ing sue them. At the lease isn't this type of fraud something that can be reported somewhere!????
So the layoffs are really a sham, intended to make investors, regulators, and accreditors think the company is taking meaningful action to address the company's financial disaster? Very interesting. Hiring lots of people before the quarterly report, and then laying them off. The fraud just keeps going and going.
I don't understand why they keep hiring new people and training them only to lay them off shortly after getting out of training class. I get that a lay off may make things appear better but it's not!!! People are seeing right through it
Does anybody have details on what happened at Tampa yesterday? i know the ax fell there too.
RIF=temporary increase in stock prices. Get ready for tumult when Barclay's takes a look at the numbers and gets the hatchet sharp.
Was there another one today? Damn people just need to get out before they have no severance money to offer as part of their mass layoffs