4 ms·
Wow 4 weeks? I didn't know there was companies like that out there, especially now. Our company reduced it to 1 week per year (claimed it was the 'standard', a
by cableshaft 9y ago
Wow 4 weeks? I didn't know there was companies like that out there, especially now.
Our company reduced it to 1 week per year (claimed it was the 'standard', and it would save them money so they could spend it on being so innovative elsewhere), then reduced 401k matching from them paying once per quarter to you have to be employed on December 31 of that year or they don't have to match for the entire year (crazy, I know), and then after they got those two things in place started axing tens of thousands of people's jobs, and saved tons of money in the process, I'm sure. These policy changes also lead to people voluntarily resigning and thus giving them lower layoff numbers too.
I'm probably not sticking around much longer myself, but I had a few too many life changes (like buying a house) that kept me from leaving earlier.
- maxxxxx 9y agoI am sure the top guys in your company took a significant amount of the savings as bonus.
- CommandStrip 9y agoWhen Microsoft did the test layoffs in 2014, I believe they included one month of salary per year of service.
- vkou 9y agoIt was ~4 weeks/year at Kodak. I think it still is. Source: My dad was laid off from Kodak... Twice (Pre, and post-bankruptcy.)