Wow, this feels like a middle finger on the way out the door:
> Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks
A week per year of service?
Dell lays off 12,500 people
11–20 of 102 posts
Re: Dell lays off 12,500 people
#12kudos for giving out an actual number of humans fired. instead of the usual, de-humanizing percent of employees usually given
Percentages may be "de-humanizing" but they are much better for understanding the relevance and severity of layoffs. If your local bakery lets 20 people go it's much more likely to be a sign of significant issues with the business than if Apple lays off twenty people (which wouldn't even be news).
In fact, when reading news stories you should _always_ look for the denominator (and be on guard when it isn't provided), lest you be mislead by emotionally framed numbers floating in the void.
Re: Dell lays off 12,500 people
#13Layoffs lead to payoffs. Sorry for those of us who are not within a position of power and are affected by this. It's just another part of the neverending parabolic cycle..
I think it has been a short term financial bump, but long view investors are starting to see it as an indicator of future long term unhealthy performance. Either from self inflicted damage, or coming to terms with anticipated performance shortfalls.
Re: Dell lays off 12,500 people
#14Layoffs lead to payoffs. Sorry for those of us who are not within a position of power and are affected by this. It's just another part of the neverending parabolic cycle..
Dell stock is currently down 3.68% today and has had no movement from the layoff announcement.
Clearly they need to lay off more employees.
Re: Dell lays off 12,500 people
#15kudos for giving out an actual number of humans fired. instead of the usual, de-humanizing percent of employees usually given
Note that these are layoffs not firings. The fault is with the employer, not the employee, and exit packages generally reflect this.
A semantic difference only. They were "made redundant", "let go", "laid off", "fired", "terminated", and any other set of convenient choices.
Re: Dell lays off 12,500 people
#16hey the economy is doing great, what you are feeling is a "vibecession". Don't look at the hundreds of thousands of tech employees fired in the past 2 years.
Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
except I know so many out of work that are not in tech. Finance is getting destroyed right now, also media, learning and pharma. Govt jobs and travel jobs lost during covid seem like the only thing thats out there. The economy is absolute garbage right now and the media has been gaslighting everyone saying its all in our heads.
Re: Dell lays off 12,500 people
#17Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?
Fair or not, a week per year is an extremely common formula for calculating severance at a large company
Re: Dell lays off 12,500 people
#18I assume most of these are salesmen and support people ? It says they have 120k people on staff, but do they have a clearer picture on the various divisions inside ?
Re: Dell lays off 12,500 people
#19Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?
That's on top of "two months wages" base, which is already pretty generous. I'm not sure what you're expecting here? 2 months base + 1 month per year?
Re: Dell lays off 12,500 people
#20Earlier quoted context omitted.
Note that these are layoffs not firings. The fault is with the employer, not the employee, and exit packages generally reflect this.
A semantic difference only. They were "made redundant", "let go", "laid off", "fired", "terminated", and any other set of convenient choices.
Not so. Being included in a RIF (reduction in force) is legally different than getting fired. Ask anyone who knows anything about corporate HR.