Life after a layoff: bad vibes, no future, and anger at the people who got us into this mess.

Our new research shows how layoffs impact an employer's reputation, and these are the sub-factors that tell the story of how worklife changes post-layoff.

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Love this. Thanks for putting this together.

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Thank you! As a researcher, it was really gratifying - an important topic, some interesting data/methodology challenges, and really clear impact once we married the datasets.

I do think layoffs are already a last resort, but hopefully this makes leaders try at least one more alternative before they eliminate roles.

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Interesting data. What makes me wonder is companies that do ongoing layoffs for well over two years.

smart

That is brutal! It must be awful to be working with so much uncertainty for so long.

Full report here: https://www.glassdoor.com/blog/layoffs-cast-a-long-shadow/

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So someone I know asked HR about a boot policy. When he found out that there wasn’t one, but his boss said there was (who gave the guys $ for boots and the claimed it on his expense reimbursements as something else) the boss got mad at him for askingHR (and in trouble for the expense reimbursements) and then 2 days later laid off my friend. There appears to be no notice of bad performance and this person always was the first person on the job site ready to work. Thoughts?

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Do you have to return the sign on bonus if you get laid off, sign on period (2 years) has not yet passed. I would also like to know the firm's severance policy.

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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

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I’ve been on the bench with J1 for about 3 months. I was worried that because I couldn’t find another project, I would get laid off so I found J2, which pays more, is very meeting heavy, but I really like. I’ve kept J1 because I’m still on the bench doing absolutely nothing and getting paid. Thinking about looking for a role on a project with J1 that’s not along my career path but will allow for me to do work with no calls so that I can manage both jobs. Does anyone have experience or advice?

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Is severance taxed higher? I got 1 month of pay but seemed to be taxed much higher

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Does anyone have any insights about the layoff rumors at Morgan Stanley?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Do layoffs actually benefit Indians who remain in the gc line because people who would be ahead in line are being laid off and can’t continue their gc application?

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How do you recommend dealing with a partner senior to you trying to do anything possible to push you out, force you to quit, or get you fired for years? Owner knows my abilities and likes me (contd)

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Got laid off. Just started at the agency. Was so excited because it’s a great shop. Now what?

likehelpful

Hello,

Currently, in accenture. I have had very bad billable hours and not much achievement this fiscal year. I am worried of getting fired, so i applied for another job. Got offered may be 5% above my current pay with 5k bonus, but in lower level at Deloitte. I think working lower level will give me more opportunities to learn as i think i have lot to learn. I made decision based on my gut and accepted the offer. I have not talked to anyone on accenture side yet. What you think?

likesmart

Hi, received an offer from another Big4 in Amsterdam (currently working in Eastern Europe), but relocating, I’m concerned about potential layoffs in the coming period being the last to join the team.

Laid off with 1 YOE. Do I include college Awards / Extracurriculars (have just one line to list each right now) ? How about SAT scores?

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Layoffs. Most big firms say they're sitting on a conservative pile of cash - which I believe is true - but work will obviously not return to pre-COVID levels in the short term, probably not even in the medium term. Are Biglaw layoffs coming?

likefunny
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Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

S&P Global I heard S&P Global recently fired so many people from Ahmedabad, Gujarat location.
Is it true?

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Best way to reduce taxes on severance pay? Receiving bonus and severance, tips for saving money. Open to charity etc. I’m afraid that most of this will go into taxes. I will max out my IRA.

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So why do company merges result in mass layoffs?

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Found this hilarious!!!

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What kind of projects and clients does Strategy& have in Toronto?
Also does anyone know the salary range for a manager?

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Hi male here , any one interested msg me

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What is the highest CTC offered for 7B band in IBM for niche skill ?
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Thanks.

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Hello Fishes,

Can anyone suggest should I join
KPMG via third party payroll or not? It is a full-time opportunity and they are asking after 1 year you might get into direct payroll with KPMG.

KPMG

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Recent Christmas gift from life coach.

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What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

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Laid off at PwC. It was more of a relief than anything. Anyone have any knowledge on openings at smaller (but not necessarily boutique) firms? Human Capital / Change Management related field.

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So with all the layoff talk on the BL bowl, how’s Texas M&A market doing? Anyone expect an uptick in Q4?

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Have the rumored layoffs at FIS impacted the Jacksonville office? Seeing that new building makes me wonder!

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This is 🗣 #ASpaceToVent
A thread for venting, asking for community support and feedback, or just being witnessed on something that needs to be shared. A space to say what you can't say elsewhere!

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Mphasis Hi fishes,

Any information on rating for this year 2021-2022?

I’m saving up for a first home (3-5 yrs out, 30k saved) and looking for insights on safe amount to spend. HHI 300k (very recently doubled), 30k student debt, children in next few years, 29yo. We enjoy spending on vacations and hobbies so lower fixed costs, and interested in FI. Trying to figure out a balance between getting a dream home but setting up a secure future. We live in NE so housing and tax is high and stressed by the sticker. Any insights would be appreciated

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Is there any difference between a scam and an arrange marriage?

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Book recommendations, fishies? Looking for something light, but intellectually engaging—a satire, maybe? Or anything really engrossing! Please help ya chiefy, thank youuuu🤗😘

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I grew up in a nuclear family away from extended relatives who were never really close. Parents were either emotionally unavailable or distant. All I've wanted for myself was a big loving family to call my own.. my parents are unaccepting of my sexuality & my partners family is also quite fucked up so she's isn't super close to them either. Honestly this sucks & it feels like I'll never have a huge supportive family I've wanted & craved for.

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Anyone have a suggestion for a nice bracelet or ring for a college graduate gift (up to $500)? Thank you in advance! :)

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I may need a freelance senior (ish) AD to partner with for the month of January, in house at a start up. Post your books!

How do I convert my UK university score to GPA?
Scored 83% (First Class Honours)

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Do you think most industries will eventually go back to full time/ 5 days per week in the office?

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Anyone ready to jump on the Justin Amash train?

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Any advice on my current Vanguard Portfolio ?

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Anyone wants to share how much it sucks to be on those state unemployment claims projects? You have to hear those jobless people complain all day everyday and they would yell at you if they are not happy with your response. The EY HR person would threaten to fire you if you ask to be off from it. I wonder if this is in violation of labor law.

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New Yorkers, What’s your coned electric bill like wfh during winter? My last bill for dec 24-jan 27 was $347 and I wasn’t even home and everything was unplugged. Is this happening to anyone else?

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What would you ACTUALLY advise college students to do in terms of securing summer internships at this point?

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Did anyone here test positive for COVID after atleast one shot of vaccine?

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Anyone subscribed to CuriosityStream? They seem to have a huge collection of documentaries.

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Looking for advice... 5 months ago I went from Higher Education (HE) Law Firm. I was so excited to move on and was offered about $16K more in my salary.

Today I find myself not excited about my current job and since the firm is much smaller than my last job in HE I feel like there is less growth opportunities. Every day I want to message my old manager about coming back but my wife doesn't think I should primarily because of the stress I went through. Tbh I miss the stress and workload (cont.)

likesmart

What is the idea behind contract tracing? Are employers or state governments looking to track my movements or am I misunderstanding the term? That’s something I’m absolutely unwilling to do.

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Working on a regular desk and my laptop has been killing my back and neck for last few years. Finally spent a couple hundred dollars on a standing desk, wireless keyboard, and back/neck heating pad to alleviate the pain. Very hopeful working will be much better now.

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It’s a nice day in the city.

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How much do you spend on food delivery/takeout every week? Just looked at my account & my lonely butt ordered $120 worth of food this week. 😬 it’s the only thing I splurge on cuz I would rarely spend that much on clothes or other non essentials...is anyone in the same boat?

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My whole sleep schedule is fucked up thanks to my husband the teacher, who can sleep in and “give out assignments” for like an hour

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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