4 ms·
In the US anybody can be laid off at any time without explanation or appeal. IBM is legendary for firing long time employees to get out of paying retirement ben
by zxcvbn4038 4y ago
In the US anybody can be laid off at any time without explanation or appeal. IBM is legendary for firing long time employees to get out of paying retirement benefits. The big banks and brokerages like to fire people in December so they don't have to pay bonuses in January. Amazon is notorious for terminating people for the slightest dip in performance regardless of position. Walmart is notorious for closing stores at the slightest murmur of labor organizing. Tony Soprano once said "Your only as good as your last envelope" and I think that sums it perfectly.
- adxl 4y agoYes I think using Tony Soprano as a model for human resource makes perfect sense in so many ways. Being laid off sucks but you can feel revenge / schadenfreude by having such a large package that you can go on vacation for at least 6 months / later smile as the company runs out of money, gets acquired and gutted, you start a competitor that ruins their business. You get the idea.
- d0gsg0w00f 4y agoThe big banks and brokerages like to fire people in December so they don't have to pay bonuses in January Maybe this used to be the case but I think now they just don't pay a bonus and hope you take the hint. Also, all of the pending bank layoffs I hear about in the news are going to happen in February (after bonus payout). Source: work in bank
- zxcvbn4038 4y agoWhen I worked I finance my compensation plan was always in writing as percentage of base compensation and commissions. If I was there on Jan 15th I got all of it. If I left anytime before Jan 15th I got none of it. So typically in December the brokerages lay off or fire anyone they don’t want to pay bonus to. In January everyone switches jobs after they get their bonus.