If you knew someone was going to be laid off but also knew that person was about to sign on a house, would you tell them?

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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.

likesmartfunny

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”

likesmarthelpful

This is the way

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This is insane! His life would be turned upside down.

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You got him!

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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.

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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!

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

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