It was the middle of the workday at a large corporation when a husband got an email letting him know he was going to be keeping his job. His wife, who worked for the same corporation did not get an email… until she did, three minutes later. She was informed that she was being laid off. This is how 2400 people lost their job last week.
I don’t think the laid-off works were allowed to finish their day out. More here: Former Farmer’s Insurance Employees…
This is quintessential Pluto in Capricorn. It’s cold and this is going on at many companies at this time. It’s unreported or at best, under-reported.
The tactics designed to make people quit (so the company can avoid paying severance) are escalating.
It’s been one month since I wrote this:
The business I’m watching continues to buckle, flatten, snap and break. The employees are tormented and there are other business, as large, beginning the same process. The layoff process seems to follow a template.
What kills me is there’s no reporting. Maybe a tiny mention. It’s like there’s an unspoken rule, don’t mention the layoffs!
The people have not seen this coming, up until they do. The company starts putting the screws to them, dropping hints and warnings their jobs may not be secure. Way to jack someone up, don’t you think?
From there, the corporate actions unfold, slowly at first and then faster. At some point, the employees enter a grieving process. Denial. Deal-making. Maybe we can organize. Maybe it will be the old / the young / this or that color / the people who work at home, the people don’t, maybe it will be anybody but me…” This is horrible to witness.
In the old days, you just got fired. This was a lot kinder.
What I’m seeing now is unspeakable in comparison. People demoralized and when they finally do get cut; there is more pain when they realize what the aftermath will look like.
I’m talking about good jobs here with good pay and benefits. So guess what? If you job pays 80% of your health insurance and you’ve been working with the company for fifteen, twenty or more years, you probably have no idea what insurance costs these days. You may faint.
Making people return to the office is a big part of this. You may think people should go to work, but what if they were told, promised that they were safe to move (out of state in many cases), as their jobs would be remote, permanently? Can you imagine the train wreck?
You moved and bought a house, after checking with management, fifty times. Now, if you don’t get back to the office, you’re fired. In the meantime the interest rates have soared and you can’t afford a house, if you move.
But let’s say you do go back to the office. I understand there is no room for you. You will be sharing a desk now; point being the employees, who in most cases have done nothing wrong, are made miserable and have no way to win.
I’ve sitting on this for a week but I decided to post today when I realized cutting slews of employees tend to raise the stock price. This will allow key people to exit the stock before it crashes. I can easily imagine people being hired back at a lower salary, post the money grab.
Pluto in Capricorn has be a disaster for small business and the common worker. It’s one of the reasons I am so keen on being kind right now. People just don’t need another kick in the teeth.
What do you know about this?