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Companies usually avoid laying off people before the holidays. My company did that once and despite not being a company that's ever really in the news, made th
by asdajksah2123 3y ago
Companies usually avoid laying off people before the holidays.
My company did that once and despite not being a company that's ever really in the news, made the news for that reason.
- ddano 3y agoOh snap, that logic escaped me.
- wolverine876 3y agoMany companies do cut people before the end of they fiscal year, to avoid tax consequences and budgeting issues in the new year.
- notatoad 3y agoIt looks like this announcement was timed for the end of citi's Q4 today.
- emptysongglass 3y agoExcept for Hasbro, apparently.
- robohoe 3y agoOne of my past employers made a 10% cut right after Thanksgiving and before Christmas holidays. Ouch.
- DrBazza 3y agoActually their favourite time to cull the workers is last quarter and ensure that you’re out before bonuses are announced and paid in January. That’s always November and December. That they’re doing this now is unusual for them.