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Not really. The only time I saw something like this was as a contractor at a certain Fortune 500 company. As each fiscal year was approaching the end and budget
by carrja99 8y ago
Not really. The only time I saw something like this was as a contractor at a certain Fortune 500 company. As each fiscal year was approaching the end and budgets were running close, they'd quickly lay off all the contractors. They'd then be aggressively hiring contractors once they were in the new fiscal year.
I never quite understood that one. Feels like the churn would be more costly than keeping those contractors onboard for a month.
- throw0101a 8y agoNot even contractors sometimes. I've seen full-time employees laid off at one point, given severance, told not to look "too hard" for a new job, companies reported numbers, and hired back the same people in the same roles a few months later.
- bitcoinmoney 8y agoHopefully at a higher rate to make up for lost $$?
- kaikai 8y agoPart of the deal with contractors is they're not supposed to be working there for years at a time, otherwise they're employees. Those layoffs might be justification for cycling people out to avoid having to convert them.
- Shebanator 8y agoAdobe used to lay people off pretty much every winter to make their Q4 numbers look better, then hire many of the same folks back a few months later. It sucked. From what I've heard they don't do this is as much now that their business is subscription-driven.