How Do Companies Decide Which Employees To Lay Off?

[@ALifeAfterLayoff]

If you need help getting back on your feet after a layoff, here's how I can help: www.alifeafterlayoff.com/career-resume-training-courses/

[@Jupiterxice]

Listen when you get to a certain point or age these layoffs gets old, I say never stay loyal to these companies and market yourself.

[@tonggao-q7v]

Agreed, only problem is if they lay off based on seniority (last in first out). So if you find a new job, make sure you go to one that does not layoffs based heavily on seniority.

[@Ceiling_Gato]

The past two companies I worked at laid off their senior employees first, simply because they've had higher salaries than the new ones

[@vectoreyes]

That's been my experience as well.

[@asadb1990]

This usually doesn't happen in employee owned companies where they lay off the younger guys first because the older guys have tons of shares of the company and laying them off would cost the money tons of cash. So they focus on the younger guy with low buy in.

[@dknowles60]

YEA also add how well they kiss the boses Foot

[@qanon_qanon]

Bet those companies won't be around for long with no experienced people and the ones they have getting older will jump way before they are pushed - once they have that reputation, apart from a recession they will die.

[@postworld1185]

New employees go first because they're new and senior employees go first because they make too much. I'm confused. Don't be new and don't be senior?

[@TomP-nw4wu]

politics, the yes men get to stay. They are the bag lappers.

[@bisratgelan2437]

I agree and also lack of confidence of your manager.

[@missshroom5512]

Brown nosers

[@SK-ql3yf]

That's why it is toxic.

[@DCG437]

The magic apron cult flunkies stay others are free to work elsewhere

[@raybod1775]

Except in the few well run companies

[@icequeen7025]

Your videos make me depressed 😢 but honestly i hate this job market.

[@Tahitianpearl75]

When I was laid off once I noticed that my 2 part-time colleagues could stay, I had to go. My boss, a doctor in physics, had to go. Sales engineers with good qualifications had to go as well....I guess they really chose for salaries...the most expensive people were removed.

[@chozart88]

@@Tahitianpearl75 yes many companies realized damn why pay full time with benefits when they can break up the work into multiple contractors 💀

[@cpK054L]

​@@chozart88that actually costs more in most cases

[@Frissdas1207]

No, they don't. That's just the reason they document for you. Really it's whoever the upper manager likes the least.

[@raybod1775]

True, but sometimes these managers lose their jobs and their favorites also go.

[@chancepaladin]

I've never seen a low performer get laid off in my life. It's always whoever won't bend the knee to the manager/lead, which is never the bottom-sucking low performer.

[@sadigov]

gold!!

[@thomaschumbley852]

Me too

[@donh1572]

You need to work for a better company. That’s never been my experience and I’ve worked for many Fortune 500 companies

[@Ryuzaki-Yagami]

Seconded

[@jermainemyrn19]

​@donh1572 The last thing a fortune 500 corporation wants is an employee with a backbone😂

[@smithrr6]

lay offs are part of normal work life now. You can't stop it from happening. SO the best strategy is to face it and deal with it instead of avoid it. Keep yourself that emergency fund, and keep your marketable skills growing so you can bounce back from a layoff. If you are in a role that would struggle if you had to go back into the open market, consider your own strategy to leave that role on your own terms instead of waiting to get laid off and take the initiative to develop new skills.

[@EvanKnightIsGood]

Also keep your ear to the ground for rumblings of layoffs so you can make an exit on your own terms/timeframe.

[@HueyFreeman-l7m]

Uhhh no, you're wrong. The best thing to do now is start a soloprenuership. Or enjoy being a cubicle farm slave.

[@qanon_qanon]

Wise words indeed.

[@amicaaranearum]

I’m old enough to remember when announcing layoffs meant the company was not doing well. Now, layoffs mean increasing profits!

[@zang9147]

My brother and every coworker in his department over 60 years old was laid off in 2020 due to Covid. They were replaced with much younger people on H-1 visas who apparently are not affected by Covid.

[@Blueskybuffalo]

My company is offshoring and turning to AI and it’s been a nightmare transition. I’m already getting ready because I know it’s a matter of time before they come for my department.

[@raybod1775]

Don’t wait to look for another job, it’s always easier to get a new job when you’re employed.

[@Thiccolo]

Losing you job is like getting stabbed in the chest. It is a horrible feeling

[@majorbob7211]

@@Thiccolo At first,then you make saving and stay up to date with your resume and the market

[@qanon_qanon]

I always assumed I would get the push and was ready for it and usually laughed when they told me, funny thing was they never knew how much they missed me until I had gone and replaced me with 2 or 3 people. I made and still make the job I do look easy - it's not, but experience is everything, having done the college and Uni courses, listened to older experienced workers when I started and always knew that if you did nothing, the company didn't get paid, and one day you wouldn't get paid - lost on a lot of people who are stunned when they lose their job........

[@Mitzi73]

Not if you’re prepared. Never be comfortable at work. Always have one foot out the door (emergency fund always getting topped off, resume updated, references ready)

[@jermainemyrn19]

That's because you know homelessness is knocking

[@Native722]

Sometimes it's a mass layoff, so really you have no control over that, especially if it's the whole department.

[@user-xu5vl5th9n]

And sometimes it is just one person affected. That's bad, at least if it is you.

[@epbrown01]

Yeah, when I was laid off it was because our entire department had been outsourced to India. If you weren’t on any sort of corrective action, you could post for jobs in other departments, but I just took the severance package and left.

[@stdiosus]

I was once told that I suck as a developer and should be also wearing a Project Manager's and a Business Analyst's hat. Most of the time at work, I was fixing somebody else's code, sometimes, adding completely missing functionality to the existing product that somehow made it to production. They put me on PIP, I lasted for 8 months after that and found a new job that doubled my salary at the end.

[@deanowexford7021]

I was told, as a software tester, that I am in the bottom half of the company. I already had 233% the workload of the testers in the other team. Then they said I would work partial days on this work, and pickup work for an off-shore team. The mgr of the other team said "I don't know how you are getting all this work done." Then she added 300% more work. Proof that they were trying to bury me so they could say "She's not keeping up". The twist is, the off-shore people are so unproductive, that I "can" 'keep up'. But yeah, when I saw that all the QA jobs (for the Big Brother company that bought our little US company) are in India, I knew the plan. I give it till the end of year.

[@indridcold2872]

@@deanowexford7021 That is called 'constructive dismissal'.

[@raybod1775]

If true, you need to look for another job because it’s easier to get hired when you’re already employed.

[@morpheusFromZion]

@@raybod1775that’s no longer true anymore 😑

[@danettewelborn5577]

It's definitely not performance related. It's who they like, the end.

[@marcuscoffey9535]

2:07 wow that 9 box was helpful. Thanks for sharing this.

[@rhambo5554]

I had to fill in something similar as a manager once fairly out the blue, didn't think anything of it.... 6 months later I knew redundancies were coming. Showed me how far in advance these things can be planned (it was a company owned by Blackstone, so they meticulously plan this shit)

[@AK-47ISTHEWAY]

All the companies I've ever worked for never laid people off. They would just fire you, and the employees who have been there the longest and made the most money were always the first on the chopping block. The longer you work for an employer and the more money you are making, the bigger the target becomes on your back. There is no such thing as long-term careers anymore. All jobs are temporary. My advice is to learn as many specialized skills, trades, and professions as you can and start legitimate businesses. Work for yourself.

[@dknowles60]

trades dont help they want you gone by apx age 55

[@HueyFreeman-l7m]

​@dknowles60 it's not just trade work ya NEET. Consulting, recruiting, information skills. Those soloprenuerships are the future. Trades are stupid unless it's really niched with solid margins

[@deanowexford7021]

When a Big Brother company bought our little American company, and I saw that all their QA jobs are in India, I knew it was a matter of time. I expect to get it in the neck before year end (after I finish uploading the test cases into the new system). I'm coming your way, Bryan, so save me a space...

[@earthsteward9]

Companies first cut costs instead of developing their organization and products. I have a feeling many current companies will go the way of GE, McDonnell Douglas, Sears,...

[@Demonstrait]

Modern day corporations are like adult day cares. Physical labor jobs they undermine you if you work hard then relax despite meeting goals. Office jobs they lay off, if you don’t make enough sales or have returning customers. Basically, do bare minimum cause corporations companies they don’t care about you or your future. They will not invest in you, like for example not laying off immediately after a disability leave employee return. You will see that with paternity leave as well when women are pregnant. After they return to work giving birth, they get laid off. Especially when the economy worsens, items to sell cost more to make or ship to sell. First and foremost take care of yourself. Your manager will not know the limitations of yourself or job workload. Unless they do the work themselves. Other than cheap pizza parties or restaurants or social get together, why don’t they maximize revenue then increase the bonuses and holiday celebrations as result? They rather focus on cheap thrills and corporate DEI drama monthly. Then complain in performance meetings while products are not being built or sold.

[@kharma1283]

I'm 64 , live in a state with excellent unemployment, and hate my job. This is good info.

[@thecodemachine]

I had a coworker see me as a good performer and then start sabotaging my work. He put up signs to call people to start harassing me.

[@alje311]

At airlines it's based on senority unless you are management. This is the case even with non unionized Delta Airlines. My airline then must recall all laid off workers before they hire off the street again.

[@lisak6279]

After many years in the workforce, I’ve seen one other type of person that is targeted for the first round of layoffs. That is the employee who is the office complainer and gossip. The one who seems to always be right in the middle of any office drama and confusion. All the “pain in the neck” employees will be at the top of the “to go” list. Lesson there is, don’t be “that” person. If you see yourself becoming that person, it’s time to move on.

[@epbrown01]

That’s a lesson a lot of people never learn. Someone else wrote the response “They lay off people they don’t like.” That’s not arbitrary - how often are people complaining about you, how much “coaching” do you need, how often are you the one complaining. I’ve had a lot of people that “ride the line” managing their performance so they just barely avoid disciplinary action. Those people were shortlisted if we ever had to cut people.

[@flashoflight8160]

The complainer worker doesn’t even think he is a complainer. Yes for sure he is one of the first to let go.

[@Veretax]

the problem with KPIs, for some teams, they aren't actually quantifyable, and become subjective, and when that happens, you see people laid off, who were key members and later brought back.

[@Semiam1]

If you are in sales or have any form of budget, a warning sign is when your key accounts are suddenly shifted to someone else or your budgets are revised to set you up for failure.

[@LearningandTechnology]

It would be nice if there was some way for employees to work together in order to get better working conditions and protection from arbitrary decisions…. Oh… wait…

[@jonathanisernhagen6515]

The decisions aren't arbitrary. That's the point of this entire video.

[@LearningandTechnology]

@@jonathanisernhagen6515 not sure I agree. The he video seemed to be about the rationale for letting people go. Some of these rationale seemed somewhat arbitrary to me.

[@jonathanisernhagen6515]

@@LearningandTechnology "Arbitrary" means "random." He lists 1) performance, 2) seniority, 3) skill, 4) need, 5) cost, 6) volunteers, and 7) illegal reasons.

[@swaggery]

Could be having a performance issue that becomes noticeable when they are about to do layoffs. That's what I feel happened to me, where it was partially my fault, but I felt early on the manager decided he didn't want me around regardless. At least I got some extra salary and knew I would be fired weeks before it happened. Needed some extra cash to recover from the burnout from that massive amount of stress for months.

[@ericmckinney8704]

interesting. The large company I work for seems to target the employees with the most tenure.... It seems having tenure and not getting promoted quickly makes you a target for getting put on a plan and getting disappeared. People with experience and tenure want to get paid more, much cheaper to hire new grads who are just trying to do a good job and not question things.

[@darth-gerry6659]

The shitty company i left wanted to cut people but instead of laying them off, made it so toxic and horrible that people wanted to quit

[@MH-vb4ug]

It is based on your pay grade scale When you are on the top end of the pay range for your position and there is no promotion you get cut. 1st to get cut will be sales, marketing, HR, accounting, overlapping roles, politics

[@2livenoob]

1. You're not good enough 2. You're too good 3. Because they don't like you enough.

[@qanon_qanon]

I remember Phillips (Dutch company) was huge in electronics and components and the new CEO decided everyone over 50 was to be made redundant, a few years later Phillips collapsed, and no longer exists. Experience, even old experience always wins because the mistakes have already been made - work smarter not harder - do it now - never respect your colleagues unless they deserve it - don't fratenise after work you will regret it and most youngsters are not worth their pay check.......Discuss.

[@alphaomega1351]

Please, people! Stop ✋🏻 overly worrying about things outside your control or someone's perception of you. 😶

[@grbadalamenti]

Cost...if you are more expensive among your co-workers you are the first to go.

[@mulsimin__]

They don't. It's all our randomly chosen. I knew people with the highest level of education and experience get layed off before some mid level ones. I've seen people with 30 plus years of experience get layed of like they have only been there for 30 plus days. This is all within the tech jobs.

[@middleagebrotips3454]

Maybe they are highly paid enough they overrode the seniority factor

[@richards16]

Basically, it's all about efficiency. If you get a lot and don't deliver a lot you're gonna be cut.

[@jermainemyrn19]

If you can afford food, they generally think you make too much

[@indridcold2872]

Six months ago, I was laid off, and I couldn't help but notice that everyone else who was let go, including myself, were all, let's say, 'non-native'. Quite the coincidence, especially considering that all the leadership team were born in the country. Later, all those positions were re-filled by people from the Philippines, costing the company a third of what it would in Europe. People are just discarded like trash these days.

[@OptimalOpinion]

Exploiters use layoff as age discrimination - KEEPing the cheapers kicking the agers

[@johnosullivan954]

Corporations are a scam and I am doing everything I can do to get out of that trap. I'm sick of my ability to feed my family tied to soulless HR automatons determinating my future.

[@bright2915]

I was laid off from one company the day after I qualified for health care benefits. A different company laid me off one week after giving me a nice raise. I am loyal to no one but myself.

[@jeffnogo]

Two guys at my company just got laid off yesterday. They both were great workers, but they just had one of the hardest jobs in the company to both find and quantify success. I feel kind of shitty, though, because one of my projects this past year was to attempt to better measure the secondary impacts of their work. This was not easy and there were only a few things I could confidently measure and give them to show to the bosses, but there were also a lot of maybes/probabilities that add up but I couldn't confidently verify any of them with the limited data. I'm not to blame and there were other factors involved, but I still feel like if I got them a few more results to show their impact, they'd still be here.

[@Jay-ox3wz]

In many companies, performance is not used to decide whether someone is laid off or not, but rather sympathy/likeability. Bad managers decide whether or not to lay off someone not on the basis of performance, but on the subjective feeling of how well they get on with someone. That's why you have so many people brown nosing in companies. Let that sink in.

[@Goldenbear6]

Brian talks so fast. I have my KZbin playing 2x speed by default and I always have to slow it down when watching Brian’s video.

[@fuzzydunlop1988]

Thankfully in Ireland, we have better employment laws than in the US. I was made redundant a year ago. The selection criteria was Last in First Out. It definitely wasn't performance related. Sometimes, it's where billability is the most important metric. We had several months on redeployment while we elected representatives who were on the list for collective consultation to negotiate the terms of redundancy. We then had individual consultation where we were presented with severance packages. This lasted 5 months, when we still got paid our normal salaries. In Ireland, if you try and let someone go for "performance" reasons, it's messy because we have slightly more power here and can take you to court. Most jobs have 6 months probationary periods here. Sadly, while on probation, you have flip all rights. It's once you're made permanent that you're hard to get rid of. Failure to pass probation can be completely arbitrary.

[@dsteiersteier2026]

Does the Resume Rocket Fuel course offer a resume template that allow the resume to be imported into the resume systems cleanly?

[@tbcstuff3634]

Its decided on the Casting Couch. How good are you at company Freak Offs?

[@josephj6521]

If the boss likes you, you stay. If they don’t, you go.

[@downtostandup]

How not to get laid off; Nepotism Sleep with the boss Have the one or two jobs that MAKE the compmoy money

[@SK-ql3yf]

All toxic :)

[@indridcold2872]

True story. I know a company called 'Solarwinds', CEO joined the company in with a truckloads of previous chronies. The company laid off twice and NONE of the CEO's cronies were laid off. Pure corruption.

[@camgere]

Most bosses think loyalty is the most important thing. Layoffs are a great time to settle old grudges.

[@mariawesley7583]

I just noticed the Men at Work album in the background. Nice touch!

[@aslkdjfzxcv9779]

i

[@marshallholman52]

They start with the minorities.

[@scmsean]

No, they are the last to get go since they need DEI requirements. Old White people are usually who gets let go.

[@audience2]

That's ridiculous. They start with the lowest performers.

[@NovaPrincess]

They definitely target minorities and/or protected classes. I worked at HubSpot and they did a huge layoff that affected 'coincidentally' those who didn't take 'the poke'.

[@GenerationX1984]

​@@NovaPrincessMaybe they didn't want scientifically illiterate people who believe every conspiracy theory on the internet working for them. 😂 That actually makes me laugh that they did that. It's funny.

[@NovaPrincess]

@@GenerationX1984I'm also laughing at that foot in your pfp. 😂

[@fueledbymusic3]

It was sort of easy for me to figure that out in my job. Laid off 4 months ago. I do know one factor for sure.. I was one to be picked out based on how expensive it is to keep me. It was NOT an issue with my pay. Or performance. I did have health insurance through the company for me and my wife. I'm 54.

[@oniondeluxe9942]

in Sweden, first-in-first-out is mandatory by law.

[@Marilyn236]

@oniondeluxe9942 That doesn't sound right, did you mean last in, first out?

[@Marella2024]

Is that last in-first out (LIFO)?

[@oniondeluxe9942]

@@Marilyn236 darn! Yes, I mean LIFO, or course. Thanks :)

[@loriloristuff]

At a corporation where my husband worked, a utility in a very major city, the corporation gave EVERYBODY, every employee, a Myers-Briggs test. It seems anybody who got a ENTJ and INTJ got laid off. However, everybody with 10 years or better, and everybody who was in a certain age group, got the services of the equivalent of resume and interview writers/ coaches, and a paycheck for every year of service, plus health insurance. As it turned out, hubz was hired as a contractor doing the same thing for twice the money per hour, still had health insurance, and had money in the bank.

[@nilsschear1095]

I manage construction sites and layoffs have always been a fact of life for us. Often time I am asked to give reviews or choose people for layoffs. The highly productive people who are willing to work overtime, and have been with the company for an extended period never get laid off. If you’re doing the bare minimum, and have zero loyalty to the company you’re the first to go. It really is that simple. It’s not personal, I have a job to run and I’m going to keep the people who make me look good.

[@Once800-]

Does it mean we should avoid purchasing unnecessary stuff & avoid using credit to buy the excessive junk?

[@justinAclark2075]

I see a huge issue with the job/labor market that seems nearly impossible to address or fix in any way: most companies don't provide anything useful and don't deserve a place here on Earth. This automatically means that there will always be people who have to get a job at a place that shouldn't exist at all, because you can't get entry level work at a place that doesn't exist, and every business which could potentially pay its workers will draw applicants because at base, citizens who need money outnumber businesses that acquire and distribute money. And this means that fairness is automatically a forgone conclusion in the business world. We have a mess of worthless companies trying to get bigger and make more money, while providing less and less value to the planet. Sure, we could try a utilitarian approach, and only allow businesses to exist if they can prove their value before takeoff.. but then nothing would get done at all, and entropy would be moving at a quicker pace than progression. So I don't see any way to fix it, and I believe economics will always be nonsense in some way, no matter what we do.

[@Bhallmed]

My last company did layoffs based on how the quarterly stock performed. The last round in which I was effected didn’t make sense. New hires got to stay which had no sales pipeline, and folks that had a pipeline were let go. And then the company said the layoffs were made due to down sales across the organization. Well, you just laid off your sales pipeline generators.

[@picklerix6162]

I use to work with an incredible engineer who was a top performer. He told me that anybody can get laid off. He said that he had already been laid off from two jobs. He thought that he would work for Texas Instruments forever but the economy went downhill. Ten years after that conversation, he was laid off again because he was making too much money and he was too old.

[@thebtron]

My last layoff in 2023 was by salary, the top three highest paid people in every department were fired. The people that did not get affected were also all under 35 years old.

[@austinpeterson6203]

I made the mistake of being honest and having integrity in my previous role. Once I started calling out the “questionable numbers” our leadership was “creatively adjusting” (lowering standards to boost success rates) I found myself on a 90 Day PIP for “breakdown of trust and failure to practice situational awareness” I got laid off after 45 days but IN WRITING they admitted it was “not for performance based reasons”…. If you love your job and want to stay, know when to lie and never say too much.

[@witblitsfpv1265]

It's a pure money grab, especially in big companies. A cycle of new CEO, need to increase profits, lay offs for that, "growth cycle", CEO out of tricks for more profit, new CEO, repeat.

[@Ryuzaki-Yagami]

In my experience, I was told that there was nothing wrong about the quality of my work, but that I had issues with the culture, the group (of some "sane" and "sophisticated" young women with the gift of time in spades), my lack of soft power, and that the owner's son (the CEO who was telling me this) was like this super coach who wouldn't let that player start, because "I create some kind of unbalance in the established system". Moroccan private schools, Hein! _ (And don't get me started about the time when Cambridge 9th graders' parents raised the question of this teacher's vocabulary and pronunciation errors, and I was instructed to "share" my lesson plans with her.)

[@ChrisPTY507]

Each and every single time I’ve been laid off, it was because they let me go to hire someone who could do my exact job for cheaper. Of course, we know that they get what they pay for, but it is still disappointing and creates a lot of trust issues towards companies.

[@mattzun6779]

I've been through multiple layoffs and the only factors I've ever seen used are management perception, project assignment and cost. Of course, if you survive a layoff, you should be looking so you have something before layoff round 2. The people making the layoff decisions rarely know who is actually a good performer with critical skills. In my experience the criteria was generally 1. Are there people that management wants to get rid of (not generally a performance based decision) If so, a layoff is a great time to clean house. 2. Are there projects that are underperforming If so, get rid of most/all of the people on the team if it would take any effort to move them to another project. 3. Are there roles that go across multiple projects that we can downsize (this can mean skillset) If so, get rid of folks with the least management visibility (not the same as a poor performer) 4. Are there expensive people whose work we can just assign to a junior employee (all resources are interchangeable) If so, get rid of the expensive folks This can be fine if the experienced employee was being used for tasks appropriate for a junior employee, but that is rarely the case.

[@auctionmusic]

I was laid off in March 2020 but was retiring in June anyway and they knew it. Got 10 years severance plus 60 days. For me the layoff was a bonus

[@amastr-fc5kw]

At Dell, they are laying off the more senior employees because they are more expensive. They are being replaced with cheaper entry level new grads

[@tommak6516]

Did you ever encounter a situation where Performance Review Time of Year comes around, the Supervisor solicits feedback from the peers about each one of the other peers in the work group, to the point of having a list of all the peers and REQUIRING each peer to comment on ALL the others on a one by one basis? Of course, it is all 'anonymous and individual' except for the supervisor reading the results as the authors of each 'report' are identifiable to him. The cliques have a ball clapping each other on the back and spitting on people they don't like.

[@cjanquart]

As a middle aged individual that didn't' land their dream job with the (somewhat useless) college degree earned, it doesn't get easier. At least I've tried to take his advice of transitioning every five years (most recently terminated for something that was righteously a write up but management wanted to use me as an example) and learned (albeit painfully) that companies don't care about you, so don't give the two-week notice (because "good referrals" are a joke) and watch out for yourself professionally.

[@rhambo5554]

Re voluntary redundancy- As a general rule, if you are offered it, take it. The very fact you are being offered it means the company views your role as 'at risk'. If you don't take, you are likely to end up being laid off further down the line on a compulsory basis, often with a worse package than the voluntary round. It's also a sure sign that your career is over at the company and you won't be progressing. Take the voluntary every time.

[@lasurfette7830]

I had cancer last year, and my performance isn't as good as it was before treatment due to chemo brain. My productivity is slower and I have memory issues. I thought I could just take really good notes and record meetings, but that doesn't work when you are called on to answer a question in the middle of a meeting and they ask you which team members from the finance department you had in a meeting with you in August and you can't recall their names off the top of your head. Got laid off due to "budget issues".

[@jeffreyugochukwu1942]

0:00 - 1:02 This entire section 100% describes my most recent layoff that happened to me at my last company 2 months ago. We really are in some dark times with the job market and I seriously hope that it improves regarding hiring and employee retention 🙏🏾🙏🏾🙏🏾🙏🏾

[@AQuietNight]

Life After Layoff... After I hear that I always think of the tv show Life After People.

[@leejohnson3959]

here's one, at a large bank that hired 12 Project managers all hired at the same time for a very large set of projects. (vary talented people) After 2 weeks they called us all in a room and wanted all to become perm. employees saying that when the projects were done they would all still have jobs. Of course at a reduced salary. 10 took it and myself and Bruce stayed contractors. At the end of the project Bruce and myself were let go 1st as we expected since the job was done and contract completed. 2 weeks later they laid off 9 of the 10 people only keeping the intern who was making nothing. that bank probably saved 100s of thousands of dollars in salaries. (We got awards for that project) That same bank was Infamous for laying off a bunch of people at the end of the year then turning around and trying to hire them back after the 1st of the year for less money. The result in Charlotte was all the other companies in town would also lower the salaries at that same time so they couldn't find another job at a higher salary or the same salary. they did this almost every year.

[@romangeneral23]

Higher salaries, most experienced, over 10 years, Random.. That is the usual categories they do. But remember, upper management and middle management is not touched and in fact they hire more directors and managers then engineers...

[@katwmn17]

What is going on "behind the scenes" when you get laid off, receive a nice severance package and then 90 days later you go back to your very same position in the very same company but now you are a contracted employee getting a higher hourly rate than your previous salary? I understand no PTO or other benefits but is this really a net positive to the previous employer, especially if you were not partaking in their health insurance plans? 🤔

[@Doomedragon]

I ended up laid off with an exemplary rating last year few months back during vacation. It was a reason as I was new and the location consolidation. Hang in there to my fellow unemployed and you will find something better!!

[@The_Oracle_Of_Garnishments]

As weird as this may sound....I worked in a department that 3 people were let go who had a long history of using (abusing) intermittent FMLA. It seemed to be a theme.

[@nicholasrosen6342]

Don't forget that some 25 million people were laid off during the pandemic, particularly me, which seemed to be in good time because my job I had back then was extremely stagnant and they were cutting expenses as well as evolving the technology such as going from folding 700+ flyers in the mail to sending it out electronically via email. And now that I've worked a better job these last 3 years thus far, I might want to be weary if they could lay me off for any reason or no reason at all. I'm just a little suspicious as they now have me working every other Friday and every other Friday off.

[@eatright909]

I dont understand how you are supposed to reskill on the latest software when they're mostly locked behind different positions and behind huge pay walls. It's not like you can go to your local CC and take classes on it. Are you supposed to ask if you can learn on the job? What if you can't? Are you trapped from learning that software application? But somehow, it's needed so you won't be targeted for a layoff. And i think this is constant reskilling will backfire immensely down the line. We are consolidating our value less and less. We may have this abundant list of skills and experience, but we will evidently be paid less than our worth because we can do so much. Which could possibly lead to less job opportunities because more people can do more for less. I'm not saying thats not the situation that we are in right now. Its going to get worse.

[@gracecase998]

In the past laid off twice. Each time was head count issue and I was newest hire. Both after company sale/divestiture. Didn't matter I did critical Finance functions. I thought I was safe with that, NOPE!!! It sucks. So always keep resume fresh and work your network and keep connections to folks. For me, it helped me move onto better situations and save for emergency fund.

[@OG_McLovin]

Everybody knows me as the guy who destroys the toilet anytime I set foot in there so I'm probably pretty high on the list.

[@nicholasrosen6342]

If there is an HR staff who sides with the employee over their supervisor I'd like to hear about it. You could join or start a union, but unfortunately these days they're usually extremely week.

[@quantasy9279]

Just happened me today no serverance. Tech company says ai won’t replace your job that’s a lie what we all feared is happening.

[@larrymcardle]

I know that the main focus of your video was concerning permanent employees, and it's a given that contractors/external consultants are the first out the door, but it's paramount for people to keep in mind. If you're a contractor and you think times are going to get tough (i.e. economic uncertainty), it behooves you to seek a permanent position, whether at the same company or a new one. This, of course, jives directly with cost (cutting). You're never safe, but being a perm is usually safER.

[@juliaw.8]

I'm actually living in Germany, and once I was laid off because, as an apprentice in the first year, I couldn't do the same work as someone who has 3 or more years of experience :D

[@tigerroz123]

Hi Matt. I've been watching your videos for a while and I'm intrigued on what it's like in the auto trade. I like how you show things from a dealers perspective, that it's not always plain sailing and massive profits but taking a gamble with some cars and not always winning. Definitely being in the motor trade is not for the faint hearted

[@thomaschumbley852]

How do you know what "the market" needs. The market is a theory no longer underneath Adam Smith's window?

[@sportsMike87]

never be comfortable at any company. Always expect the worst. you can be replaced.

[@JupiterxBlues]

Our company board members secretly announced that we are now in a recession but that its not being called out officially yet so to get ahead of the curve they forced the company to start layoffs asap. 😬

[@fremontpathfinder8463]

Employees should not be too hard on themselves. It often has nothing to do with you although if you are older it might be but you can't control that.

[@forsakenraven]

I've seen almost all of these happen in the past couple years. But the other thing I've seen consistently is that contractors are more vulnerable to layoffs than W2 employees.

[@scmsean]

What they really do is let go the older people. Then they have to let go some of the younger people. After that it is mostly how much they like you. The bad employees are usually just fired. Unless you are in sales performance is hard to judge.

[@mw66683]

During her time at Yahoo!, Melissa Mayer tried to remove only the male employees.

[@cochee83]

Remote workers were targeted in my previous employment since they moved their policy to RTO.

[@BOSSDONMAN]

Also - how closely do you work to the product itself or how much of a revenue generating resource are you?

[@rwdplz1]

Spreadsheet of employee salaries Sort by largest to smallest Lay off top to bottom

[@janetgrega5613]

Depends on how much money you make. High earners get cut to save money.