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What about when companies are doing layoffs but still continue hire at exactly the same time? Sometimes, they even hire for the same positions that were just la
by tareqak 3y ago
What about when companies are doing layoffs but still continue hire at exactly the same time? Sometimes, they even hire for the same positions that were just laid off.
Are there ever conversations where employees are asked to take a pay cut instead of being laid off?
- ejb999 3y agoI've seen it done for consultants before - in fact was working for mega financial services company in the years heading up to the 2008 crash. When it hit, they told all the consultants from the big consulting firms (i.e. Anderson etc) they needed to take a 50% cut if they wanted to stay on - almost all accepted the new rate. Months later, when things continue to go really bad in the economy, they told them same firms, they needed to take another 50% cut (so now down 75%), most took that as well, but not all. Those that didn't take it largely found themselves unemployed for a very long time. Just goes to show you how bloated those rates were to begin with.
- macintux 3y agoI have twice been asked to take a pay cut: once long ago at a startup when the funding dried up, and early in the pandemic when my (fairly large) employer got nervous. Well, the second time it wasn’t really a request.
- scruple 3y agoAnd what about companies who do layoffs and then have to scramble to try to re-hire some of the very key, crucial people that were "accidentally" let go?
- rldjbpin 3y agolarge companies move like cogs. one team suddenly sees the value of X role that another team is letting go of. but i like how some of them don't try to help existing employee switch teams.
- valval 3y agoCompanies firing people and hiring more capable people to replace them? What a horrible practice indeed.