- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: My Company had layoffs and a RIF.
Posted on 2/19/24 at 9:19 am to TygerTyger
Posted on 2/19/24 at 9:19 am to TygerTyger
quote:
Firing someone and hiring someone new is way more expensive than retaining someone.
“Did you know the average cost to replace a terminated employee (i.e. the cost of employee turnover) is about 50 percent of that employee's annual salary? And that
number can increase based on the level of the employee and the job market in which someone is hired.”
Calculating The Cost Of Employee Turnover
Firing someone and hiring someone new is way more expensive than retaining someone.
“Did you know the average cost to replace a terminated employee (i.e. the cost of employee turnover) is about 50 percent of that employee's annual salary? And that
number can increase based on the level of the employee and the job market in which someone is hired.”
Calculating The Cost Of Employee Turnover
This post was edited on 2/19/24 at 9:20 am
1
Posted on 2/19/24 at 9:24 am to LSUNWO1988
quote:
They did announce that they were done for the year and our department was featured in our last All Hands call so am not TOO worried about another round
NEVER TRUST A STATEMENT LIKE THAT!!!!
Posted on 2/19/24 at 9:25 am to LSUNWO1988
My company lays off 3x a year every year.
Can you imagine living with that stress?
Count your blessings and quit complaining.
Can you imagine living with that stress?
Count your blessings and quit complaining.
Posted on 2/19/24 at 9:35 am to WM88
You a slave? If you know they do that why wouldn’t you just move on?
Posted on 2/19/24 at 10:34 am to BHTiger
and mgmt said this:
start lookin
quote:
NO layoffs In January
start lookin
Posted on 2/19/24 at 10:36 am to LSUNWO1988
One out weighs the other, you're going to need to decide which one that is for 2024.
Posted on 2/19/24 at 10:36 am to LSUNWO1988
What you need to do is polish your resume and start getting it out there. Even though you made it through this round they already told you it needed justification. You’re next on the chopping block.
Posted on 2/19/24 at 10:49 am to LSUNWO1988
They’re not done and peace of mind will be nonexistent now.
Posted on 2/19/24 at 11:27 am to Privateer 2007
quote:
The easiest thing to cut is people.
Unfortunately, it's the only thing you can cut most times. You still need the raw materials no matter if they go up in price. I work in pharma and it is a multi year process to get a new raw material supplier approved. Since the area I'm in is OTC, you can't just increase price at the retailer because you risk the customer moving to a cheaper/store brand option.
ETA: We had a lady in our group retire at the end of 2023 with 1 week notice to everyone (other than HR) and I got most of her job responsibilities, without extra pay of course. Just got confirmation that they won't be replacing her, so this is the new norm for me. I either suck it up and deal or find another job (internal or external). In my view, with so much uncertainty this year I'm dealing with it for now.
This post was edited on 2/19/24 at 11:31 am
Posted on 2/19/24 at 11:35 am to LSUNWO1988
quote:
Thankfully I was not laid off; however, my salary was frozen for a year and not eligible for the yearly bonus. (The rationale there was they wanted to keep me but needed to justify since I make more than the rest of the team)
Get your resume ready and jump ship if a good opprotunity comes along.
Posted on 2/19/24 at 11:42 am to LSUNWO1988
quote:It's only the middle of February. They might not be done for the month yet.
They did announce that they were done for the year
Management lies. When they talk about your group, they're lying about your group.
Posted on 2/19/24 at 11:49 am to stelly1025
Oh and the Diversity, Equity and Inclusion group wasn’t touched
Posted on 2/19/24 at 12:03 pm to LSUSUPERSTAR
quote:
OTC. PHARMA
Are you speaking of like excipients suppliers?
I worked in pharma for several years.
Was shocked at the bloat at the major drug companies we supplied.
Posted on 2/19/24 at 12:08 pm to LSUNWO1988
quote:
Thankfully I was not laid off
quote:
since I make more than the rest of the team
quote:
I really have enjoyed working for this company and they allowed me to move a year back to be closer to family and be a remote employee. Basically my work/life balance is too good for me to want to leave now and i do enjoy the work.
quote:
I am trying to look at the silver lining
Maybe I am getting old, but it seems like there are a lot more ungrateful mother frickers out in the world.
Top 10 predictions for 2024 include.
quote:
Look for the headline inflation rate to fall to 2% before the end of the summer, but then turn higher, ending the year around 2.7%.
Core prices — inflation that strips out food and energy costs — will trend down from 4% now to 2.4% toward the end of next year.
quote:
The housing market won’t see much of a rebound
quote:
The global economy won’t thrive in 2024
I am just saying, things are rocky right now, your silver lining is that you didn't get laid off
Posted on 2/19/24 at 1:09 pm to Privateer 2007
Both excipients and APIs. It takes a lot to get them approved.
I started in production making the products, moved to testing raw materials, then lab support, and now in planning some of the production fill lines, so I've seen a few different aspects of the workflow.
You can really only cut people. My company subscribes to the door more with less mentality, so we don't have much bloat unless it is at the corporate level.
I started in production making the products, moved to testing raw materials, then lab support, and now in planning some of the production fill lines, so I've seen a few different aspects of the workflow.
You can really only cut people. My company subscribes to the door more with less mentality, so we don't have much bloat unless it is at the corporate level.
Posted on 2/19/24 at 1:10 pm to LSUNWO1988
quote:
Any suggestions?
I’d get your resume freshened up. You will get that raise and bonus you are missing out on by changing jobs.
Posted on 2/19/24 at 9:45 pm to LSUNWO1988
quote:
They did announce that they were done for the year
Bet that's a lie
Posted on 2/19/24 at 9:56 pm to KWL85
quote:
Keeping your resume updated is good, but you can't make the assumption that more layoffs are coming
Depending on your industry you are probably smart to assume you can be laid off at any day of your entire career.
Posted on 2/19/24 at 10:12 pm to LSUNWO1988
quote:
LSUNWO1988
Uhhh, I'm your boss and I thought I was doing you a favor by keeping you where you are.
I'm strongly reconsidering eliminating your position. Well talk first thing tomorrow.
Posted on 2/19/24 at 10:26 pm to LSUSUPERSTAR
I’d love to understand what your job is in healthcare.
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News