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"if you give people a 60 days heads up that layoffs are coming that could result in potential mayhem." Does this mayhem actually ever happen or is it paranoia?

"if you give people a 60 days heads up that layoffs are coming that could result in potential mayhem." Does this mayhem actually ever happen or is it paranoia? I have seen several layoffs where people got advance warning of a few weeks up to almost a year. I have never seen people do anything bad once they got told they would be laid off.

paxys 3y ago
Of course it happens. If you tell people they are going to be fired in 60 days, in the best case they will stop putting in any effort, in the worst case they will actively sabotage others or steal company data and property. Just making them stay at home is always the correct decision.
UncleOxidant 3y ago
Even if it doesn't happen very often, for a bank the risks are just too high.
bityard 3y ago
To be blunt, it doesn't matter if it actually happens or not. It's about risk management. It is absolutely the norm in most companies to remove an employee's access to company resources if the termination was not the employee's idea. Other than general goodwill, there is no incentive to give an employee a heads-up that they are being laid off. And lots of downside if the employee happens to be disgruntled and do something evil. Goodwill does not show up on balance sheets. But theft and sabotage do. I'm not saying I like it, but I understand it.
- richardwhiuk 3y ago
  Goodwill does normally show up on balance sheets "The value of a company’s name, brand reputation, loyal customer base, solid customer service, good employee relations, and proprietary technology represent aspects of goodwill. This value is why one company may pay a premium for another." See https://www.investopedia.com/terms/g/goodwill.asp https://www.investopedia.com/terms/g/goodwill.asp
- verve_rat 3y ago
  The norm in US companies. Note that other places manage to lay people off with much more humanity.

paxys 3y ago

Of course it happens. If you tell people they are going to be fired in 60 days, in the best case they will stop putting in any effort, in the worst case they will actively sabotage others or steal company data and property. Just making them stay at home is always the correct decision.

UncleOxidant 3y ago

Even if it doesn't happen very often, for a bank the risks are just too high.

bityard 3y ago

To be blunt, it doesn't matter if it actually happens or not. It's about risk management. It is absolutely the norm in most companies to remove an employee's access to company resources if the termination was not the employee's idea. Other than general goodwill, there is no incentive to give an employee a heads-up that they are being laid off. And lots of downside if the employee happens to be disgruntled and do something evil. Goodwill does not show up on balance sheets. But theft and sabotage do. I'm not saying I like it, but I understand it.

richardwhiuk 3y ago
Goodwill does normally show up on balance sheets "The value of a company’s name, brand reputation, loyal customer base, solid customer service, good employee relations, and proprietary technology represent aspects of goodwill. This value is why one company may pay a premium for another." See https://www.investopedia.com/terms/g/goodwill.asp https://www.investopedia.com/terms/g/goodwill.asp
verve_rat 3y ago
The norm in US companies. Note that other places manage to lay people off with much more humanity.