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Right before the holidays...wow.
by surge 3y ago
Right before the holidays...wow.
- brianwawok 3y agoIts very common. I wonder if Dec is actually the highest odds month to do a layoff.. but no idea where to pull those stats.
- Espressosaurus 3y agohttps://layoffs.fyi/ https://layoffs.fyi/ In this most recent set of layoffs (which I'm defining as starting in 2022 since that's the dataset they have available) January is the worst month for layoffs.
- surge 3y agoYeah, that's what I was thinking, most companies at least wait until after the holidays to serve the bad news.
- brianwawok 3y agoAs an evil corp thought experiment - Dec is normally low productivity.. lots of vacations ,etc. If you are going to lay someone off in Jan, why not lay off in Dec and avoid paying for paid holidays?
- surge 3y agoOr paying out bonuses for the prior year since you don't let them finish the year that makes them entitled to the bonus.
- surge 3y agoI know my company is hinting at layoffs in Q1, well hinting, they've literally said they've budgeted money as an expense in Q4 to pay out severance packages in Q1. So they're at least waiting until after to give people their walking papers. That said, I'm not sure if the anxiety of not knowing if you're in a future layoff is maybe worse since now everyone is concerned, but then again, at least you can act accordingly, maybe layoff the credit cards.
- nemo44x 3y agoIs there a good time? If anything I'd rather get fired before the holidays and spend time with family rather than work through it all and miss time and then get fired afterwards.
- surge 3y agoI'm not sure if there is. It depends on their financial security and the positions being eliminated. I guess if the severance is good its not so bad.
- nemo44x 3y agoI guess the robustness of the economy too. Losing your job when there’s a lot of hiring might not be the worst. Of course, most mass firings happen when the economy isn’t doing well and finding work can be a challenge if you’re not top talent.