#layoff #Samsung I’m currently working at Samsung Austin Semiconductor. I feel there could be lay off next quarter. Most likely i will be hit. i need to prepare for it now. Maybe the company will check the economics situation after this quarter then decide if layoff is needed. normally how soon it can be? will they start layoff at the beginning of the next quarter, or will be end of the quarter?
Samsung is a sneaky company, they have been discreetly implementing layoffs throughout the past year, and wouldn't be surprising if they continue the trend into the current year
Layoffs or performance management? One of these is a large reduction of employee count in a short amount of time. Yet the SAS employee count has not reduced much over the last year. Even with freezing new positions.
Which group are you working at SAS?
So you think layoffs in April? This will not be good from Samsung for ppl joined just a year ago.
Performance managing up to 10% is needed at this point. SAS has nearly doubled the employee count in only a few years. Other companies that hire this quickly also remove poor performers with PIPs at a yearly 5% to 10% rate. SAS historical has not even hit 5% on this with majority of the PIPs not being fired at the end. As for a "layoff", there has been no WARN filed with Texas at this point and no clear business need that would bypass the WARN Act. So you have at least 60 days from the point one is filed. SAS has more turnover after reviews due to locking up 50% of the bonus to one payout after them. So if they add more PIPs than normal in this review cycle, then actually follow through on them, it would be fine.
Thank your stars if you are in fact laid off. Worst company to work for.
Why do you think you will be hit?
I also heard rumors about layoffs about I don’t know how much of that is true… any more input would be appreciated
Tech Industry
Yesterday
2162
I do tech screens at Google. AMA
Tech Industry
3h
477
What is the best way to say “No” to anyone at work or in general
Personal Finance
Yesterday
3023
Should I marry a lazy girl?
AMA
Yesterday
1616
I have worked at TikTok US core tech for 3 years. AMA.
Health & Wellness
2h
395
Issues with sleep
End of Q! Why do you think there will be layoff? Any comments from management or all hands?