Working Parents
13h
1065
Closed now - thank you all
Tech Industry
Yesterday
2794
Quitting this Slave life
Layoffs
37m
471
Just got scheduled for a surprise 1:1 with my skip today
Working Parents
Yesterday
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What do you think is wrong with a kid who got rejected by 9 colleges?
India
Yesterday
978
Modi is a legend, will be remembered for centuries to come
I got laid off from a tech company last year (not Intuit). Fine, revenue dropped. The company definitely over hired last year and we had to suffer for their dumb mistakes. But some of the remaining folks are still getting promoted, while I had to get a job with a pay cut and a demotion in the worst market I have seen in some time. That makes me feel upset that it's not really about budget constraints. I don't understand the logic and it's very ruthless. The only way to deal with it is to be as selfish and ruthless as these companies and people on Blind, and I don't like it. Thank you for hearing me vent. I'll get off my soap box now. Looking forward to standard blind nastiness now.
Promotion is like just a10-15% increment. Two promoted guys have to do the work of 3 laid off guys in addition to what they were doing. Good deal for company. The promoted guy is barely hanging on too in a way. Everyone gets screwed when teams downsize.
Yeah you're right. And I'm sure the people left behind might be told that " at least you have a job" when they give some valid criticism. Only the company seems to win
I am glad you found a job, OP. Those left after a layoff have to pick up the extra work and in the case of a company that makes poor choices are next in line to be laid off. Once the market recovers you can move on if your compensation doesn't catch up.
Thank you !
I have seen this frequently in few companies. Less num of people doing same amount of work and boosting morale of higher value employees.
I recently got a raise and more equity which I did not expect, companies (especially smaller ones) who have done rounds of layoffs need to add sweeteners to those still employed so those folks do not become disillusioned and mail it in or look to leave.
Keep track of what you are doing and what you want. Fulfil your goals of having an income, family, comfort and fun. Everything else is noise and distraction. If you are an enterprising person, start a business, change the world etc etc. always look ahead
Yeah you're right. Thanks for this.