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Message
New trend - Big companies rescinding job offers to recruits
Posted on 6/22/22 at 11:07 am
Posted on 6/22/22 at 11:07 am
LINK
quote:
Companies in a range of industries are beginning to rescind job offers they made just a few months ago, despite the strong labor market.
According to The Wall Street Journal, Twitter, real estate brokerage Redfin and cryptocurrency exchange Coinbase Global have all rescinded job offers in recent weeks. Employers in other pockets of the economy are also pulling job offers, including some in insurance, retail marketing, consulting and recruiting services.
quote:
When a company revokes a job offer, it signals that its business outlook has changed so quickly that it has to undo hiring plans made sometimes just weeks before. Read the full story.
22
Posted on 6/22/22 at 11:08 am to member12
Don’t really care. Mortgage and real estate companies have made so much money the last 2 years. Now they are panicking because they’re greedy and didn’t see this coming.
Posted on 6/22/22 at 11:08 am to member12
quote:
rescind job offers they made just a few months ago
Who the hell lets offers just sit out there for months?
Posted on 6/22/22 at 11:10 am to Green Chili Tiger
quote:
Who the hell lets offers just sit out there for months?
People graduating?
Posted on 6/22/22 at 11:10 am to Green Chili Tiger
quote:
ho the hell lets offers just sit out there for months
People who accept full time offers while they are still in school for after they graduate
Posted on 6/22/22 at 11:11 am to member12
Not even a month ago, firms were sending me offers damn near daily. Granted, I’m in sales so it’s kinda expected (hiring a sales guy is cheap) but I haven’t gotten any offers now in weeks. My business has slowed down noticeably, but it makes me wonder how bad things must be getting at other firms.
Posted on 6/22/22 at 11:11 am to Green Chili Tiger
quote:
Who the hell lets offers just sit out there for months?
They aren’t just sitting. They are accepted and are now being canceled.
And I think these are often college hires.
We hire in the fall for positions that start in June. It gives us an advantage in recruiting and helps us lock down ideal candidates before they are taken.
Posted on 6/22/22 at 11:11 am to member12
All these youths job jumping every few months are in for a rude awakening
Posted on 6/22/22 at 11:12 am to member12
The transfer portal is fricking things up for everyone.
Posted on 6/22/22 at 11:12 am to Green Chili Tiger
quote:who the hell doesn't have a job offer midway through their senior year?
Who the hell lets offers just sit out there for months?
Posted on 6/22/22 at 11:13 am to member12
If big companies were smart, they'd trim all the superfluous ESG motivated investments that don't produce returns and focus on core competencies.
Many of these new hires at Fortune 100 firms probably think they're hired to remake society not actually work for company in a competitive environment where nothing is guaranteed.
Many of these new hires at Fortune 100 firms probably think they're hired to remake society not actually work for company in a competitive environment where nothing is guaranteed.
Posted on 6/22/22 at 11:13 am to Green Chili Tiger
quote:
Who the hell lets offers just sit out there for months?
My company regularly makes offers to experienced professionals before their current contract runs out. And we go for college hires 1-2 semesters out from graduation.
Posted on 6/22/22 at 11:14 am to member12
From the linked WSJ article.
I have been in this exact situation. It sucks.
quote:
“I just couldn’t believe what I was hearing—like it’s a job I had had lined up for months and I really was counting on it,” said Franco Salinas, 24 years old, who learned this month that a data-analyst position he planned to start in July had been axed. “This just made me realize how fragile things are.”
I have been in this exact situation. It sucks.
Posted on 6/22/22 at 11:17 am to member12
Damn Boomers fricking us over from the retirement homes.
Posted on 6/22/22 at 11:19 am to Green Chili Tiger
quote:
Who the hell lets offers just sit out there for months?
I have accepted a job offer and not started it for a few months.
When i was on commission, i had to do that or else i would have been working for free for months if i left without delivering equipment. Honestly that stretch was the best few months of my old shite job. All i cared about was stuff i could close ASAP and get paid on. My blood pressure dropped significantly
This post was edited on 6/22/22 at 11:21 am
Posted on 6/22/22 at 11:20 am to member12
Building Back Better!
Posted on 6/22/22 at 11:22 am to member12
frick working for a huge corporation. You are nothing but a data entry in the payroll system and nobody making decisions about employment probably has never even met you.
Don’t really feel bad for anyone this is happening to, all of the mentioned companies would improve society if they ceased to exist.
Don’t really feel bad for anyone this is happening to, all of the mentioned companies would improve society if they ceased to exist.
Posted on 6/22/22 at 11:22 am to member12
Some boomer will be in here shortly to tell us these kids are just lazy and need to walk in the boss' office and get a job just by having a firm handshake
Posted on 6/22/22 at 11:22 am to member12
The year before I graduated there were mass layoffs of people that had been on the job less than a year. It happens.
Posted on 6/22/22 at 11:23 am to GetBackToWork
This post was edited on 8/26/22 at 4:19 pm
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