At the tail end of a massive maintenance shutdown (16 hr days for everyone, for 2 weeks) the mill leadership started a site-wide meeting with pictures and stories of their recent trip to Japan. How they went golfing, the great meals they had, their trip to the mountain, etc. They finally wrapped that up and proceeded to tell us that cost of living raises were going to be small that year due to them being “unsure about next year’s profit margins”.
There was a pretty steady wave of resignation letters for the 6 months following that meeting.
It’s amazing how often I see executives talking about their cool trip, their new plane, or other rich person bullshit during the same presentation where they are telling their employees to suck up some furlough, reneg on bonus, or similar financial hardship.
It’s almost always better for a company to have resignations than layoffs.
So it’s kind of always been a thing for them to “encourage” resignations with shit like this, then hire back new people later for drastically lower salaries.
It’s what a lot of places are doing now mandating return to the office.
That sounds good in theory but with layoffs you tend to at least aim to let the worst employees go. With resignations you have literally the opposite. The best people are the ones that will go and the best ones will go first as they can and will find a new job more easily.
Not saying that they don’t do it for that reason but sometimes (and I’d say most times) people are just incompetent and do stupid shit like this.
Similar thing happened at my first job out of college. It was a year into COVID and we’d been WFH since the spring before this annual June meeting. They had just gotten done announcing that our productivity had exceeded targets, when they added two more announcements:
WFH was ending, and we’d all have to go back to an office that didn’t have enough desks for everyone to be there all at once but that was okay because we could all just coordinate amongst ourselves as to who gets to sit where and when and when we had in person all-hands meetings some people could just sit on the floor and work.
Due to a lawsuit filed against an entirely different OU we shouldn’t expect much in the way of bonuses this year.
We saw the stress the company was under between the lawsuit and the move, so over the next couple months we helped by cutting about a million dollars a year from their annual salary budget.
Where I was. I noped tf out of there, and a few weeks after they started enforcing RTO America set it’s records for daily new COVID cases and daily deaths. We really did do COVID the way we did Vietnam: it got too expensive so we gave up, declared victory and threw a bunch of people away.
At the tail end of a massive maintenance shutdown (16 hr days for everyone, for 2 weeks) the mill leadership started a site-wide meeting with pictures and stories of their recent trip to Japan. How they went golfing, the great meals they had, their trip to the mountain, etc. They finally wrapped that up and proceeded to tell us that cost of living raises were going to be small that year due to them being “unsure about next year’s profit margins”.
There was a pretty steady wave of resignation letters for the 6 months following that meeting.
tons of upvotes and comments for this one. definitely a frequent flop by management.
It’s amazing how often I see executives talking about their cool trip, their new plane, or other rich person bullshit during the same presentation where they are telling their employees to suck up some furlough, reneg on bonus, or similar financial hardship.
Jesus, some people just have no awareness whatsoever.
It’s almost always better for a company to have resignations than layoffs.
So it’s kind of always been a thing for them to “encourage” resignations with shit like this, then hire back new people later for drastically lower salaries.
It’s what a lot of places are doing now mandating return to the office.
That sounds good in theory but with layoffs you tend to at least aim to let the worst employees go. With resignations you have literally the opposite. The best people are the ones that will go and the best ones will go first as they can and will find a new job more easily.
Not saying that they don’t do it for that reason but sometimes (and I’d say most times) people are just incompetent and do stupid shit like this.
Similar thing happened at my first job out of college. It was a year into COVID and we’d been WFH since the spring before this annual June meeting. They had just gotten done announcing that our productivity had exceeded targets, when they added two more announcements:
WFH was ending, and we’d all have to go back to an office that didn’t have enough desks for everyone to be there all at once but that was okay because we could all just coordinate amongst ourselves as to who gets to sit where and when and when we had in person all-hands meetings some people could just sit on the floor and work.
Due to a lawsuit filed against an entirely different OU we shouldn’t expect much in the way of bonuses this year.
We saw the stress the company was under between the lawsuit and the move, so over the next couple months we helped by cutting about a million dollars a year from their annual salary budget.
i hope you have a workplace safety agency where you are, because damn…
Where I was. I noped tf out of there, and a few weeks after they started enforcing RTO America set it’s records for daily new COVID cases and daily deaths. We really did do COVID the way we did Vietnam: it got too expensive so we gave up, declared victory and threw a bunch of people away.