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Message
Why do layoffs always happen on a Thursday (MSFT laying off 10K people today)
Posted on 7/17/14 at 4:22 am
Posted on 7/17/14 at 4:22 am
I've always noticed that layoffs happen on a Thursday. It has been true at both companies I've worked at (large publicly traded). Is there a reason for this?
Btw, MSFT is laying off 10K people today, rumored mostly to be folks from the Nokia devices division. MSFT added 30K Nokia employees as part of their acquisition last year.
Btw, MSFT is laying off 10K people today, rumored mostly to be folks from the Nokia devices division. MSFT added 30K Nokia employees as part of their acquisition last year.
4
Posted on 7/17/14 at 4:29 am to hikingfan
quote:should be illegal
layoffs
Posted on 7/17/14 at 5:13 am to HailHailtoMichigan!
quote:
should be illegal
I think it is a good way for employees to save face. They could just say you are fired because your rate exceeded your worth.
Posted on 7/17/14 at 5:30 am to HailHailtoMichigan!
wait....wat?
Posted on 7/17/14 at 5:57 am to HailHailtoMichigan!
Huh?
Posted on 7/17/14 at 5:57 am to HailHailtoMichigan!
quote:
should be illegal
Are you French?
Posted on 7/17/14 at 6:09 am to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Sooo you should continue to employ 10,000 people regardless of whether or not it makes business sense? Sounds like any company you were in charge of would not fair well.
Posted on 7/17/14 at 6:15 am to Beerinthepocket
Just ignore him. He says stupid things.
Posted on 7/17/14 at 6:51 am to HailHailtoMichigan!
Lay off man
Posted on 7/17/14 at 7:04 am to hikingfan
So will Bill Gates goes to his weekend philanthropy charity event and donates 1M to fight herpedic pneumonia in African lizards, he can say layoffs were a long time ago
Posted on 7/17/14 at 7:05 am to TheIndulger
It gives people the weekend to get over the shock and initial emotional reaction. In cases of individual layoffs or packaged out scenarios, they can spend the weekend calming down and putting a game plan together for the next work week as opposed to going out the next few business days job hunting while being raging mad.
Also, I'm sure in large layoff scenarios for public companies it is stock market related.
Also, I'm sure in large layoff scenarios for public companies it is stock market related.
This post was edited on 7/17/14 at 7:07 am
Posted on 7/17/14 at 7:29 am to HailHailtoMichigan!
quote:
should be illegal
Wouldn't go that far, but with the economy, no doubt the balance of power between employer and employee has shifted to the employer.
Thanks to Obama and all others living off a government check.
Posted on 7/17/14 at 7:32 am to MonreauxTiger
quote:
I'm sure in large layoff scenarios for public companies it is stock market related.
Why would it be? The company already sold its stock to the public.
Posted on 7/17/14 at 7:32 am to HailHailtoMichigan!
quote:
should be illegal
quote:
HailHailtoMichigan!
Michigan Fan
Mission Viejo, CA
..Makes sense..Land of unions and liberalsThis post was edited on 7/17/14 at 7:33 am
Posted on 7/17/14 at 7:38 am to HailHailtoMichigan!
quote:
should be illegal
The groups I 've worked in has been outsourced/laid off/downsized/rightsized twice in the past 15 years. It's not fun when it happens but I've gotten a nice little compensation package each time and ended up somewhere better.
These things happen. It will work out.
Posted on 7/17/14 at 7:42 am to foshizzle
quote:
Why would it be? The company already sold its stock to the public.
As soon as the layoff goes public if it is substantial it will impact stock price significantly. It could be strategic to allow no trading over the weekend so the full details of the company strategy can be absorbed and reckless trading on the emotional aspect of a layoff is less impactful to the price per share. I'm just speculating of course.
This post was edited on 7/17/14 at 7:51 am
Posted on 7/17/14 at 7:43 am to foshizzle
quote:
foshizzle
C'mon, you know that the exec's and many others within the company have compensation tied to stock performance, be it through bonuses or stock options/grants.
Of course they will time announcements like this and many other events to be the least detrimental or most beneficial to the company's stock price.
This post was edited on 7/17/14 at 7:44 am
Posted on 7/17/14 at 7:57 am to Beerinthepocket
10k qualified people hitting the job market all at once? Wouldn't want to be getting started in that field.
Posted on 7/17/14 at 8:01 am to sbr2
I believe the proper term is "right sizing" not layoff.
Posted on 7/17/14 at 8:03 am to hikingfan
quote:
always
pretty broad generalization
This post was edited on 7/17/14 at 8:04 am
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