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This is a moral dilemma but there are a few things to consider here:
1. How did you obtain the info regarding the layoff? Is it accurate?
2. Does this person report to you? Peer? Do you report to him?
I would not recommend taking it upon yourself to pass the information on. You could be putting yourself in jeopardy. The best way to approach this is to contact Ethics & Compliance and explain that you are privy to information that could impact somebody's life and livelihood. Get a formal recommendation from them on how to proceed so that way you are protected.
Toughie. Maybe just raise a lot of doubt? “Hey mate, you sure you want to tie up all that $$ now? I hear talk of another wave of layoffs so I’m personally holding off of any major financial moves”
Rising Star
This is the way
This is insane! His life would be turned upside down.
You got him!
If it is a review cycle you could advise them to wait and see what happens. Else I’d tell HR or the relevant PD person that they should move faster.
Deloitte still laying off people off cycle?
Yes we will in April we have plans will let you know if you are in the list
I would say off the record I heard this and I know you are buying a house soon so I wanted to give you the heads up
Yeah... so my fiancé was laid off from KPMG (not consulting) out of the blue when they KNEW we were closing on a house and in a pandemic. Luckily unemployment plus severance minimized the blow. They came back later to extend her pay through year end... I guess they grew a heart? I can’t say that we would have made it out alright if I had a lower salary and/or didn’t have emergency savings, but happy we did!
Pro
This has happened to me before right before closing. Suffice to say, I scrapped the closing.
You should only make significant financial purchase contingent on having sufficient funds in case you’re made redundant.
Just convince them that it’s a horrible time to buy - kinda is unless you just care about the low interest