{ "media_type": "text", "post_content": "Keep seeing posts about another round of layoffs before bonus payoffs. What does that even mean? Does the firm just say \"we're letting you go and btw that bonus we told you about in June is now void\"?", "post_id": "576b8dd5deff160e00a87a51", "reply_count": 3, "vote_count": 6, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

Keep seeing posts about another round of layoffs before bonus payoffs. What does that even mean? Does the firm just say "we're letting you go and btw that bonus we told you about in June is now void"?

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Posting as :
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Yes. Firm policy is that in order to be eligible to receive a bonus, you must be employed by the firm when it is paid out. If business conditions remain shitty (and there will be a lot of uncertainty for the remainder of the year because it is an election year with two very polarizing figures as their party's nominee) and if the firm needs to protect cash, then you can bet your sweet ass that we will have another round of layoffs before bonuses are paid out. It's just the kind of underhanded bullshit our firm leadership would pull.

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Presumably the ppl getting laid off weren't going to receive bonuses. Next round may consider people who move on after the shitty comp packages were announced

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Exactly

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