Forums

layoff in stages
Work Views
layoff in stages
For every news story, thereÂ’s a workforce-management angle. Discuss them here, or read Work Views for more opinions.
I work for a mortgage company. Of course everyone knows what the industries going through at this time. We had up to 700 employees at one point. We are down to about 400 now. It is torture not knowing
0
Cat:Topic ForumsForum:ForumId59
Cat:Topic ForumsForum:ForumId59Discussion:DiscussionId33989

Forums » Topic Forums » Work Views » layoff in stages

You must be logged in to contribute. Log in | Register
 
Forums  »  Topic Forums  »  Work Views  »  layoff in stages

layoff in stages

posted at 10/30/2007 8:19 AM EDT
Posts: 1
First: 10/30/2007
Last: 10/30/2007
I work for a mortgage company. Of course everyone knows what the industries going through at this time. We had up to 700 employees at one point. We are down to about 400 now. It is torture not knowing everyday if your next. They have been laying off 10 here 20 there 2 here 4 there.This has been dragging on for a few months now. What could be the reason for the slow torture instead of the sudden death of all, or a good amount of us?
New post Reply to this post

layoff in stages

posted at 10/30/2007 8:59 AM EDT
Posts: 228
First: 11/1/2006
Last: 1/20/2010
Without knowing all the particulars - I'd say buisness continuity would be one reason not to do one massive layoff. There are still clients to service, cross-training to be done, and maybe the hope that business could pick back up and they don't want to lose good employees. There could be a number of reason. I know the frustration you are feeling. I went through this in a previous position. It truly is stressful for the employees -- but quite honestly, a relief when the hammer finally fell.
New post Reply to this post

Re: layoff in stages

posted at 6/6/2012 1:00 AM EDT on Workforce Management
Posts: 18
First: 6/4/2012
Last: 9/27/2012
It will happen in most of the firms these days, in hard times companies are reducing their expences like targetting higher paid employees and cut the facilities for the employees. Yes its seems like a torture for the working employess in the dangor of job insecurity.



_______________

Criminal Law Solicitor
New post Reply to this post

Forums » Topic Forums » Work Views » layoff in stages

Daily Q&A

How to Address Flagging Motivation?

How do I increase motivation levels in the department? How do I brand my business unit as an attractive place to work? I have top-notch IT professionals in my business unit who feel they are "children of a lesser God" because they are non-billable resources and do not get plum postings abroad, nor the glamour that goes with them. As a result, their motivation suffers.

—-- Feeling Their Pain, human resources generalist, software/services, Mumbai, India

Read Answer

Stay Connected

Join our community for unlimited access to the latest tips, news and information in the HR world.

  • Workforce Technology (Bi-weekly)

    Covering the latest technology trends, tools and applications that are shaping the workforce in the 21st century. Delivered the 2nd & 4th Thursday of each month.

  • Dear Workforce (Bi-weekly)

    See what HR professionals are asking, and what Workforce Management experts are saying. Delivered the 1st and 3rd Thursday of each month.

  • Workforce Benefits (Weekly)

    Stay current on all aspects of employee benefits, from health care to retirement issues. Delivered on Wednesdays.

  • Workforce Week (Weekly)

    Free weekly update on the trends in HR and new tools added to Workforce.com. Delivered each Tuesday.

  • Workforce Talent (Monthly)

    See the recruiting, talent development and retention strategies of top companies and get the resources for effective talent management. Delivered the 2nd Monday of each month.

  • Workforce Training (Monthly)

    Stay current on the latest strategies and resources for training and developing your workforce talent. Delivered the 3rd Monday of each month.

HR Jobs

View All Job Listings

Search