Folks Bank is not looking how employees are being rated., it's randomly picked! What a blow to those who gang up to protect their favorite child. If you are making below 100k a year and worked more than 5 years, you might be safe. Because bank can’t find cheaper than this in the market. Guess what CHEAP is safe!
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This can’t get funnier - “Layoff too many from any particular protected group and face the consequences.” You think bank is stupid enough to pay you for being in the so called protected group for watching Netflix the whole time. Bank doesn’t have free money to distribute around. If bank runs real agile, protect group is the one who have nothing on scrum and Kanban board.
No protected group, no consequence, hire and fire policy here. Bottom line “No one is safe!”
Yeah, it's the other way around with how long you worked there. They don't want to spend more money on your pensions.
And it's not random. They target certain demographics.
Yeah, there are legal risk reasons it can't be completely random. Layoff too many from any particular protected group and face the consequences. I always laugh when someone on here thinks they have it figured out. At any company there are generally 5 or less people who know exactly what the plan is, and the rest of the leadership team just follows orders because they want to keep their jobs too. Nobody who actually knows is going to spill the actual beans to someone who might post on a place like this :)
Um, no. Let go last Wednesday. Made less than that and worked there more than that. No one is safe, the grim reaper trolls us all.