4 ms·

I read on the Layoff they had about 11.4k applicants, and 90% of them were accepted. Looks like the first wave is out starting Dec 28th. With such a large cut

by sct202 8y ago

I read on the Layoff they had about 11.4k applicants, and 90% of them were accepted. Looks like the first wave is out starting Dec 28th. With such a large cut it would be weird to be rejected, I would feel an awkward mix of jealousy and loss to go back to work afterwards.

teachrdan 8y ago
Wouldn't it be a compliment of sorts to be determined too valuable to be let go?
- C1sc0cat 8y ago
  Depends on the terms I know a lot in the UK who did this got a massive taxfree redundancy payment - then went to work for a competitor or went freelance my old boss went back to fixing COBOL
- jhare 8y ago
  I've been there, it's not really a good feeling since the remaining pressure can be burdensome depending on how much your company cuts. "You're too valuable to let go! Best yet is you don't have all those pesky coworkers!" Whatever leftover slop the company feeds you from the remains of your coworkers won't have that satisfying flavor.
- pkaye 8y ago
  What I have realized is that in such companies your importance to a company is only as much as the next project. When project agendas changes, next time might be your turn. So take it as a warning to find a better place soon as possible.
root_axis 8y ago
Sounds to me like the rejection is a tacit admission by the company that you're too valuable to lose.
- rashomon 8y ago
  That would be a fantastic way to ask for a raise.
  - moftz 8y ago
    No, they would just tell you that you're lucky to still have a job. Even if they gave you a raise, you just increase your chances of being a layoff target since you cost the company more now. If you are saved from a massive layoff like that, you seriously need to find something new because you are next on the chopping block no matter what.
    - dfxm12 8y ago
      I don't understand how a company can think like this with unemployment as low as it is. They don't have much room to be calling labor's bluffs.
      - roymurdock 8y ago
        Healthcare + low skilled, low wage jobs (EMS, manufacturing, parcel delivery, warehouse work) are taking a lot of slack out of the employment market Check out where job gains in the US were in November: https://www.bls.gov/news.release/pdf/empsit.pdf https://www.bls.gov/news.release/pdf/empsit.pdf Healthcare added +32k jobs, the majority of which were ambulance drivers/EMS jobs Manufacturing added +27k jobs, mainly in chemicals and heavy metals Transportation and warehousing added + 25k jobs, mainly in package delivery and warehouse work Business services added +32k jobs All other sectors remained largely unchanged I don't think a 50YO radio engineer at Verizon is going to be happy retraining to be an EMS or package delivery courier. Labor, especially older and higher paid (non management) positions, is not in the best position right now despite the record low unemployment rate
        ataturk 8y ago
        What, fed.gov lies to us? No! You're silly. They would never lie while billionaires become, uh, trillionaires, or...something. The wealth gap is unbelievable.
C1sc0cat 8y ago
When British Telecom did this one of the top complaints to the union was "they wont let me go". Anecdotally for key skills "radio planners" competitors where known to ask what your redundancy payment would be and offer a golden hello to match an dwe are talking > £100,000 15 years ago
couchdive 8y ago
An acquantance was offered this. he was offered 2 years salery upfront. after the end date, it reverts back to 1 year salary.
UnpossibleJim 8y ago
With those kind of hiring numbers and lay offs, it seems to me that they had senior employees train younger, less expensive (in salary and medical cost) replacements and then lay off the older, more expensive workers. Less vacation time, less pay, less family headache, less everything. It's a win/win for Verizon. It's been done time and time again. I'm not sure why everyone's arguing Repubs and Dems above, other than they just like to do it =/. They do this stuff in blue and red states. They do it here in WA, just like they did it in NC when I lived there, too. It sucked every time they did it and every where they did it.
- anoncoward111 8y ago
  Oracle does this almost 3x per year. It took senior people making 90-120 base and laid them off to employ (me and others) at 47-60k base salary in Massachusetts. Then after 3 years, they laid us college kids off to employ even lower paid fresh graduates in Austin and San Antonio, because Texas cut them an even better deal than MA did I believe.
sandoze 8y ago
As someone who volunteered and wasn’t cut... it’s a mighty weird rejection.

by sct202 8y ago

teachrdan 8y ago

Wouldn't it be a compliment of sorts to be determined too valuable to be let go?

C1sc0cat 8y ago
Depends on the terms I know a lot in the UK who did this got a massive taxfree redundancy payment - then went to work for a competitor or went freelance my old boss went back to fixing COBOL
jhare 8y ago
I've been there, it's not really a good feeling since the remaining pressure can be burdensome depending on how much your company cuts. "You're too valuable to let go! Best yet is you don't have all those pesky coworkers!" Whatever leftover slop the company feeds you from the remains of your coworkers won't have that satisfying flavor.
pkaye 8y ago
What I have realized is that in such companies your importance to a company is only as much as the next project. When project agendas changes, next time might be your turn. So take it as a warning to find a better place soon as possible.

root_axis 8y ago

Sounds to me like the rejection is a tacit admission by the company that you're too valuable to lose.

rashomon 8y ago
That would be a fantastic way to ask for a raise.
- moftz 8y ago
  No, they would just tell you that you're lucky to still have a job. Even if they gave you a raise, you just increase your chances of being a layoff target since you cost the company more now. If you are saved from a massive layoff like that, you seriously need to find something new because you are next on the chopping block no matter what.
  - dfxm12 8y ago
    I don't understand how a company can think like this with unemployment as low as it is. They don't have much room to be calling labor's bluffs.
    - roymurdock 8y ago
      Healthcare + low skilled, low wage jobs (EMS, manufacturing, parcel delivery, warehouse work) are taking a lot of slack out of the employment market Check out where job gains in the US were in November: https://www.bls.gov/news.release/pdf/empsit.pdf https://www.bls.gov/news.release/pdf/empsit.pdf Healthcare added +32k jobs, the majority of which were ambulance drivers/EMS jobs Manufacturing added +27k jobs, mainly in chemicals and heavy metals Transportation and warehousing added + 25k jobs, mainly in package delivery and warehouse work Business services added +32k jobs All other sectors remained largely unchanged I don't think a 50YO radio engineer at Verizon is going to be happy retraining to be an EMS or package delivery courier. Labor, especially older and higher paid (non management) positions, is not in the best position right now despite the record low unemployment rate
      - ataturk 8y ago
        What, fed.gov lies to us? No! You're silly. They would never lie while billionaires become, uh, trillionaires, or...something. The wealth gap is unbelievable.

C1sc0cat 8y ago

When British Telecom did this one of the top complaints to the union was "they wont let me go". Anecdotally for key skills "radio planners" competitors where known to ask what your redundancy payment would be and offer a golden hello to match an dwe are talking > £100,000 15 years ago

couchdive 8y ago

An acquantance was offered this. he was offered 2 years salery upfront. after the end date, it reverts back to 1 year salary.

UnpossibleJim 8y ago

With those kind of hiring numbers and lay offs, it seems to me that they had senior employees train younger, less expensive (in salary and medical cost) replacements and then lay off the older, more expensive workers. Less vacation time, less pay, less family headache, less everything. It's a win/win for Verizon. It's been done time and time again. I'm not sure why everyone's arguing Repubs and Dems above, other than they just like to do it =/. They do this stuff in blue and red states. They do it here in WA, just like they did it in NC when I lived there, too. It sucked every time they did it and every where they did it.

anoncoward111 8y ago
Oracle does this almost 3x per year. It took senior people making 90-120 base and laid them off to employ (me and others) at 47-60k base salary in Massachusetts. Then after 3 years, they laid us college kids off to employ even lower paid fresh graduates in Austin and San Antonio, because Texas cut them an even better deal than MA did I believe.

sandoze 8y ago

As someone who volunteered and wasn’t cut... it’s a mighty weird rejection.