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Layoffs at Walmart corporate 😬😬
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Layoff in IQVIA?
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Big mood. 😴
Rising Star
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If I leave big law for ADA will I get canceled?
Legit excuse to cover moonlighting 🤣
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When are mid-year reviews set to happen?
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My company forces anyone who is a consultant and hits 60 to retire. You can’t even run for global managing partner if you’re 57 because you’ll hit 60 during your term.
I’ve also seen many clients take not so subtle steps to try to create lay off criteria that focuses on people that are older and have been in their roles for years. They don’t care that those people wanted to progress upward and/or change their skill set, and that it was the client org that actually pigeonholed them for so long that they literally can’t go anywhere else.
They’re just like, oh, we pay Joe way too much because of his 25 years of experience and can get 75% of him for 30K less through a new undergrad. Let’s try to can Joe.
Super infuriating for me because I see my dad as Joe. An immigrant who had higher dreams but was never given opportunities to move up. Then he got stuck as a PM for ever, until it killed his ambition. Then they basically blamed him for not trying super hard to get promoted, despite years and years of ignoring his best work. And then they lay him off because they chose to “over pay” for him.
Sorry, this really touched a nerve.
This is accurate
PWC recently lost an ageism case in court. The answer is yes, they do discriminate. Not many actually take it to court though.
To be clear, the case was about applicants not employees. The basis was largely that PwC only recruited entry level accountants through campus hiring, and thereby excluded older workers from applying.
Individuals over 40 are a protected class per the civil rights act of 1964 if I am not mistaken.
Rising Star
A2 that is true. BUT I promise you that older people are not protected, unfortunately. There are many ways companies get around that.
I think part of it was due to older people being more expensive
A company’s highest expense is personnel. Would they want to lay off those who draw higher salaries due to tenure and fill in with less expensive people? Hmm, I don’t have an econ degree, but I could see “encouragement” happening.
Getting fired just gives you an opportunity to do something else. People shouldn’t put too much weight in it. If you have value to offer someone will want you.
To add to that, the job market isn’t efficient - it’s extremely inefficient. This means that there is often a huge gap between companies and potential recruits. They don’t often even know each other is looking.
It’s also easy to hand wave it off when you don’t have significant medical bills that you rely upon your work insurance to pay.
One of my clients told me that his son’s medication cost nearly 40K a year without insurance. Thanks to it, his son is alive and seems healthy. Without it, he’d suffer tremendously (he didn’t share the details). I can only imagine the fear that comes with knowing that getting laid off could have huge implications s for your family’s health.
Julie is a lawyer. She just made a point to tell everyone these were all performance related. Now she gets to f*ck her employees legally!