Layoffs at Cox Communications announced today. 5% reduction starting off with voluntary separation packages before moving onto involuntary. 20% of the 5% will be targeted at directors and above.

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FED is behind the curve. Hello Recession

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lol, you don’t understand the fed, they need the financial crisis to provide cover for massive cuts, when they do cut rates, inflation, which is actually running at about 10% is going to spike back up. They avoid blame if responding to a financial crisis.

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Best way for COX to gain income is to cut costs. It’s not like they can grow revenue unless they expand their network.

And tbh, this smells McKinsey with probably a new management ratio being rolled out.

I’d take the severance. It’s not going to get better.

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No I work for Cox. I just know McKinsey was brought in to suggest the changes

At lease there are separation packages. Where I work.,, two weeks $ and good luck to ya

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What are the severance packages like?

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Any mention of contractors?

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No but Cox has been firing them for years already. They’re irrelevant at this point

Dang this is the third post I have read today about another company doing layoffs. This is so sad to see because the job market is awful as it is and the more layoffs there is the more competitive these jobs are going to be. I really hope who ever gets elected come November creates all the jobs they said they were going to.

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They are giving an incredible severance package to those that were selected to volunteer, and anyone with over 20 years of service would be a fool
Not to take it. The old amazing Cox is gone, and they will find a way to be better, I was shocked at this package if I’m being honest, and it makes me sad, but grateful I dedicated my adult life to this family.

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At&t & Comcast do this every few years then hire the employees back in lower income jobs. They get government money for the hiring but it's just replacing the ones they let go, scams

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To be fair he’s relying on stale, inaccurate job data, government hiring, service industry jobs, and even then it’s horribly inaccurate. He should be looking at W4 forms at the IRS for new hires. The inflation data is also questionable 3-8.5% inflation, is very low for what we saw. He’s flying blind which is why a recession is usually in motion by the rate cut. The data doesn’t get any better, so why would the result?

Who’s he

All the big tech companies are doing layoffs. It’s all in retaliation for all the workers deciding they liked remote work during the pandemic and wanting it to continue. Seems like Barry Sternlicht and Tim Gurner are getting their wish. 😞

It seems odd to me that a company would start the hiring process ( by placing help wanted details ) as they are getting ready to RIFF some team members.

What gives?

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Need advice,

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