I am one of those parents. I taught my kids to NEVER trust the company. When the first round of lay-offs hit, time to move even if you are not part of that group.

Couldn't

Never got a paycheck. Never had money withheld for Social Security and Medicare. Just went to work 24/7 and never fed their kids. Uh, huh.

@@OnWisconsin33 these people literally live in delusion where they expect jobs to pay them forever and always, even when theyre simultaneiously voting for democrat politicans who are destroying our economy

You are only needed until you aren’t needed.

They need good employees, not dead wood .

Yes, they were. I don't know if they were tech companies. These seem to be tech companies doing the layoffs.

@@mottorcyle5052they could make it easier to obtain a job then. Or pay more 🤷‍♂️. Many people who have good resumes are ONLY good at building resumes. Many competent people are NOT GOOD AT RESUME BUILDING AND NETWORKING. If you spend all day networking and designing nice resumes that’s wonderful but you didn’t actually prove you’re good at the job.

@@mottorcyle5052 Well then time to fire the CEO and upper management!

wah we don't get any...

These people think that the employees who stay are going to respect them and yet they actually lose respect which means people will quiet quit

"These massive layoffs are meant for companies to make employees feel insecure and vulnerable." Seems to me that it's working.

I agree. Employers want employees to be so desperate for work that they will work for any wage under any conditions.

@@niricoelmingo4721 I'm going to slightly disagree here, but just slightly. Yes it would seem that employers have the advantage in these situations, but then again for the longest time since the onset of covid, there have been tens of thousands, if not millions, who took full advantage of being paid for not working at all. What should have only been 2-3 months worth of payments at the longest turned into a couple of years for many people. The government should have cut the freebies off a lot earlier than they did and the results were some incredibly spoiled and lazy people who expected a lot for nothing in return. That mentality still exists to a point even today.

"You are just a number on a balance sheet", called overhead, labor or operating expense...

@@viewfinder914 Yes... that's exactly what he just said.

Good story. The lesson is, getting laid off is sometimes a blessing. I got laid off March 2020, the early days of COVID. Another one third of the office staff got canned too. Then a month later, I talked to one of the "lucky" survivors, and he was doing 1 1/2 times the work for a "temporary" 40% pay reduction (that ended up lasting the rest of the year, when they kicked it to a 15% reduction). He was truly pissed that he DIDN'T get laid off, because he would have been making a lot more on the enhanced unemployment that year than he has slaving away at the office. Him and couple other project managers resigned before the year was out, then the company went into rehiring mode in 2021, but refused to pay any more than the rate they were paying pre-pandemic, so they hired a bunch of recent college grads. And the boss is still golfing and driving his Lexus. I'm sure the process will repeat itself when the next downturn hits. As for me, I found part time work after a few months, then added some contract work in 2022, and was making decent money, and was MUCH happier than before. Now I'm back to full time, making very good money, and saving as much as possible, because who knows what's going to happen tomorrow.

"We all went to the bar afterwards, freakin hilarious.....in other words F-it!

@lenalove8138 , was a small town. Company laid of about 15% of the town. Whenever someone walked through the door of the bar, we all cheered, and someone just handed them their first beer on the house. 🍻 Was a lot of fun. Definitely took the sting out of it.

They will always try to not pay unemployment. I don't trust *any* "executive" person. I've been burned so many times over my life by Corporate that whenever I've had a meeting, I record it. Period. I don't know about other countries, but 'single party' recording should be a national law. I live in a state that allows me to record conversations without having to tell the other party & I think it's the only way to keep corporate-minded people honest.

I'd quit. He sounds like an idiot

She’s there for personal consultation….😂😂

She was dealing with another work load

Is she Kamala Harris?

Wow. What progress women have made. One day she'll be propositioned to do sexual favors for her job. Then she'll sue. Go figure.

Don't worry they just end up creating a work environment where people start up their own businesses or become self employed and charge them 2-3 times as much. Plus those people will have more control over their life and more money instead.

People should keep their jobs even if the company is losing money? Unions are fools gold.

@@creepycrespi8180Many of these companies that laid off workers had made record profits during the pandemic. Not all of these layoffs are due to losing money. Also, companies still are able to negotiate when Unions are formed. 🙄

@@creepycrespi8180 Trickle-down theory NEVER worked. These corporations have plenty of money. Nobodies going after ma and pa.

@@justjackie4394I’ve always thought that charging 10,000$ a week (in taxes) for every job listing left up longer than a month was a good idea. At least filter out the fake job postings. Also we need to stop rewarding bad behavior on the stock market. He’s right unions suck. But the stock market sucks too. Who looks at a company laying off 100,000 people and thinks “profit reports are up in Q3! Time to buy!” ?!?

​@@justjackie4394 Even more money for the SHAREHOLDERS ... whose $$$ make it possible for these companies to exist in the first place!! 👍👍👍👍

In 2019 a cyber security company I worked for had a lay off and cut 25% of the employees. The environment got super toxic and fearful and welp, another 30% of us quitted within 2 years after the lay off. They got in so much trouble that they changed the contracts of the remaining employees so that everyone had a 3 month notice policy if they want to quitt. Until this day they have a hard time finding new employees and keeping the new ones. They lost a bunch of customers, money and not one of the old employees either they got fired or quitted themselves came back.

@@jesmey4902and that is what needs to happen to every company. Right now is a pivotal moment in history for the labor force that is going to determine what quality of life most of us will have in the future going forward. We’re all suffering in this economic downturn because the Lahore force gave up our leverage several years ago when we all stopped believing in unions. 🙂

@@jesmey4902 Quitted???

@@jesmey4902And I'll bet you a thousand bucks, that the suits are all "HOW COULD THIS HAPPEN?!", UTTERLY cluseless and confused, since: their focus testing says this would work.

@@Kattlarv exactly 😂 There was so much confusion why so many of us left after that. Yeah, underpaid and overworked is such a good combination.... I had 10-14 hours per day with no overtime pay of course and worked for 3 and they had the nerve to hire some rookies and pay them more. Now I work for a fantastic company, with a great team and a much better salary. Why should I go back? Fun fact the HR lady who created the mess with the CEO are both fired now 🤣

Be careful how you handle layoffs because it can spell the end of the company if those left see you handled things unethically and they won’t quit they’ll just stay and work less until the company full on collapses.

This literally just happened at my company. They laid off about a dozen people, and now everyone is scheduled to do overtime.

How much are they saving by having less than half the employees and making us all work 6 days 10 hours vs the regular 40 hour weeks

@@michaeldautry Per hour they generally pay more, assuming you get to the level of getting over time. But they pay less in benefits, taxes etc, might even qualify for a lower bracket as businesses with more than say 30 employee's I believe have higher requirements than those under it. But in a lot of cases it's just too look good on the quarterly report. For a long time companies like Boeing would fire it's staff every year to keep the overhead down and then rehire them a few weeks later. It also removes some "seniority" benefits a job might have for working there for ten years or more.

@@HettesKvek work it all and invest it for your future for tomorrow it may be all gone

literally my first thought. How much is this worth to you? Make me a written offer.

You should be. You trained for a job/skill that has a future!! 👍👍👍👍

"AI GPT this transformer, bitch. I'll watch."

good money if licensed electrician,plumber or carpenter but crappy work that nobody wants to do anymore,,,thats why there is a shortage,,todays generation has no interest in that field

I am an Electrician , find it very interesting and mentally challenging. Not for everyone, but has given me a good life , Lots of opportunities for advancement, Plus a path for owning your own company.

I’m not an electrician, but I am apart of a union. It has saved our butts countless times from management, while ensuring us good raises, benefits, retirement, etc.

Derp.

The people I worked for were insanely stupid and even called me after the fact asking for help as if I'd help them LMAO

Go ahead. Youll be replaced if the6 needed you in the first place

​@@dcg590 in 2019 a cyber security company I worked for had a lay off and cut 25% of the employees. The environment got super toxic and fearful and welp, another 30% of us quitted within 2 years after the lay off. They got in so much trouble that they changed the contracts of the remaining employees so that everyone had a 3 month notice policy if they want to quitt. Until this day they have a hard time finding new employees and keeping the new ones. They lost a bunch of customers, money and not one of the old employees either they got fired or quitted themselves came back.

@@dcg590a company is not going to be able to replace their workers all at once. 🤣 They would have to first go through several rounds of interviewing for several candidates, then do onboarding and orientation for all those replacements and who will they have to conduct those interviews and do all those onboarding and orientation sessions? And even if they did have people to do it, they would be out of operation for several weeks to months before they could resume operation. So, they would lose thousands to millions of dollars just from not operating, even worse they will have pissed off clients whose business they would lose forever.

@@dcg590 I am sure you can be replaced at the drop of a dime.

OK boomer

I been unemployed 6 months 😢 I can’t find a job

@backseateats9513 take comfort that you're not alone. That with both rate hikes coming for Thanksgiving and Christmas times, more....many many more will be joining unemployment to curve "inflation". It's a necessary evil.

Yes sir it is going to get worse. Going into the end of 2023 to 2024. Save up that money people its going to be a bumpy ride.

@@DrDisinfect_TheWorld smh I wanted a house lmao Made 90k got let go cuz of a ego crazy lady manager It’s crazy if it wasn’t for my safely net if $150,000 I’d be worried But I live at home No kids no wife, no house of my own You can say my past opinions of me not being blessed with these things Kids a significant other and a home are now a blessing by not having them 🔥💣 Let the bombs go off my fiend I pray you will be blessed in all your ways… follow the path the lord sets for your ass :)

@@OneMidEvilKnight yep -! It’s a bummer I have $150k stacked for a future business “code named BDay” But at this rate that money will go to survive rather than the bday

yep they always try to get me involved to solved their problems and i just laugh and ignore them,,,remember buddy,,you wanted that management job,,,goodluck

i was working 12hr days 5 days a week and once or twice i would go in on saturday for 4-5hrs for about 10 months straight...worked like an animal and literally became a machine....not much time for anything else but made bank and invested most of it for my future.

Also, pick a degree that will be needed when you graduate. Nobody cares about your "dreams", they only care about your skills!!

Many companies do exactly that. Every company I've ever worked for does exactly that. When they DON'T do that is when the employee being laid off doesn't have any other skill set, or those other roles have already been populated by other employees who have been moved to them because their skill set was a better fit. And in many cases companies that don't lay off some portion of their workforce don't HAVE a future for ANY of their workforce.

Not really. All these tech people getting are finding new jobs easy and often getting paid more.

@@NoNameToYousounds like you’re on a different planet

A new group of kids are graduated every year. I think there is a pattern to it.

Apparently in 'Murica, regulating employee/employer relationships is considered pinko-homo-commie-eurocuck-socialism or whatever booggie man Americans have been conditioned to fear, this season.

I ask; "What's in it for me?"

i`ll pass on a trade,,,rather do rental properties instead

@@robertswift6101 you gotta work to get there, that is unless you just happen to win the lotto or inherit a fortune!!!

We can't regulate businesses. They will leave if we try that! Although; where would they go that would apply even harsher regulations that the US?

I’m sorry, but I’m not working past my time off. The company needs to maintain appropriate amount of staff to do the work.

That has always been the case. One hr rep told me I was not doing work despite evidence to the contrary. He had the audacity to commit wage theft on camera. He ended up getting fired for wage theft after the state of CA found them guilty. Another boss laid me off for no reason at all. He got angry when I posted videos of his bad behavior.

Yeah it's not real capitalism. I am in NY so that taints my view. Besides the national-level "let's create assets bubbles with zero interest rates for no reason" thing, in NY we have LOADS of laws and regulations. Such mundane stuff. So we keep loads of records and have lawyers review everything. At some point these were consumer protection laws but the laws now feel like empty fodder for the legal industry, and obviously costs get passed along. Then our court system allows ambulance chaser lawsuits without damagers to go through, so you need to charge more to create a legal fund. It's ridiculous.

very true..capitalism is a beautiful thing..but i look at like like a controlled fire...controlled fires can be very useful..but a fire left alone and unregulated is highly destructive..problem is here in the US, we have been taught to look at capitalism as iconic and almost God like..so any attempts to controll it gets jeers or "socialism" or "communism"..(even though 99% of people who say this cant even articulate what those words even mean)...just look at healthcare..its insanely expensive....drug companies can just randomly double the price of a medication for no other reason than giving its shareholders a 1% boost in value..common sense says "the people that need this product shouldnt have to pick between the medication, or paying rent"..but any thoughts of regulating the price is met with viscious complaints..its crazy..we would rather let capitalism run rampant than do whats best for the people

hereby capitalists can always use the extortive threat of homelessness and starvation to exploit and abuse labor." Bro that is every authority force ever. Capitalism is not even close to exclusive to doing that, you're fighting the nature of power, not even capitalism Wage gaps also invariably expand under capitalism as wealth cyclically moves to the top elite, creating a plutocratic dominance that erodes democracy" once again, not a result of capitalism. The point of these systems were never to forever stave off corruption, stagnation, and bureaucracy, but to slow them down. That's what any organization or govt authority is at the end of the day. Nothing is an airproof solution. The fact we've staved them off for so long, even as a first test, proves that it can be taken far, far longer. I'm throwing out my powerlevel a bit, but, imagine states more like rogue-likes. You make a build based around a weapon or set of weapons, you evolve them, and over the course of runs, you evolve yourself. That's what civilization has done for thousands of years. Ivan the terrible didn't "prove" monarchism a permanent failure because he sucked, because the build we have now, after some refining, is constitutional monarchy. Make loan interest rates above 5% illegal, some swelling goes down. Charge corporations by an up-to-date percentage of their total net-worth in assets or liquidity instead of a number they can hand-wave, yet more swelling. Make it illegal for companies to post job offers they don't intend to hire anyone from, swelling gone evermore. Prevent any more parent and child companies than 1 child generation, and 5 children, and now it's too difficult for corps to maintain organized power, and diseconomies of scale rends them apart, like gravity being reinstated. Etc, etc. American capitalism sucks. So does european capitalism in some places as well, but for an example of them forcing evolution, something as simple as usb-c on apple devices, or reinstituting removable batteries, or forcing steam to allow wholesale refunds. If they can remove proprietary bs like that, or push hard in the direction for consumer rights, what else can they do? What can the us and eu do together to force them to play nice? A seperation between economy and state?

Well, not exactly. It's about maximizing private profit. A capitalist could care less if profits overall are down, as long as they're doing well.

not even that, it'll be a contract company in India or some foreign country

it will be computer AI

No