5% reduction
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@Horace said in 5% reduction:
It retains a much different connotation than "fired" though. And companies usually treat it differently for the purposes of severance.
I get that, but it’s not a layoff. Call it staff reduction, Let go without cause, whatever. But keep the layoff title for actual layoffs.
@LuFins-Dad said in 5% reduction:
Call it staff reduction
That's what it was called when Mr. Reagan did this - Reduction In Force.
Government employees got riffed.
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@89th said in 5% reduction:
I mean there is a good chance it's not performance related, but perhaps a shift in what the company wants to spend money on (or not). Let's just hope they don't target fig tree farmers next!
When my son was laid off from JAMF, he'd just received a substantial bonus. It was explained to him that upper management took a last hired, first laid-off approach.
This could be the same thing. It's not effective, but it's lawyer-proof.
@Jolly said in 5% reduction:
@89th said in 5% reduction:
I mean there is a good chance it's not performance related, but perhaps a shift in what the company wants to spend money on (or not). Let's just hope they don't target fig tree farmers next!
When my son was laid off from JAMF, he'd just received a substantial bonus. It was explained to him that upper management took a last hired, first laid-off approach.
This could be the same thing. It's not effective, but it's lawyer-proof.
Demonstrably not the case here. One of my co-workers who was around when I got acquired into this company in 2004, was let go.
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@LuFins-Dad said in 5% reduction:
@Horace said in 5% reduction:
It retains a much different connotation than "fired" though. And companies usually treat it differently for the purposes of severance.
I get that, but it’s not a layoff. Call it staff reduction, Let go without cause, whatever. But keep the layoff title for actual layoffs.
In the UK, they're referred to as 'redundancies', as in 'you've been made redundant'. It's a depressing word for a depressing thing.
@Doctor-Phibes said in 5% reduction:
@LuFins-Dad said in 5% reduction:
@Horace said in 5% reduction:
It retains a much different connotation than "fired" though. And companies usually treat it differently for the purposes of severance.
I get that, but it’s not a layoff. Call it staff reduction, Let go without cause, whatever. But keep the layoff title for actual layoffs.
In the UK, they're referred to as 'redundancies', as in 'you've been made redundant'. It's a depressing word for a depressing thing.
Yeah, that was always the most depressing way to put it. At CS we'd have one action and they'd call it a RIF in the US and redundancy in the UK.
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There will be lots of jobs opening up in agriculture and restaurant, according to @taiwan_girl
@LuFins-Dad said in 5% reduction:
There will be lots of jobs opening up in agriculture and restaurant, according to @taiwan_girl
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In my understand, if it is a "layoff", that job position (or at least that job title) is being eliminated. So, a lot of companies will "layoff" their worst employees, and then get a new person, hiring them with a slightly different job title, so they are within the law. LOL
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I don't know the laws of which anybody speaks, other than civil rights laws about race, gender, etc. Granted, lawsuits can be brought for any flimsy reason shoe-horned into one of those established protected categories, but other than that, a private company can fire whomever they please for whatever reason they please.
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Chevron announces layoffs for 20% of its global workforce:
https://www.theguardian.com/business/2025/feb/12/chevron-global-layoffs
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Is it time to post a "I did that!" meme? LOL
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International Paper (IP.N), opens new tab said on Thursday it was shutting down four production facilities in the U.S. and laying off about 1% of its global workforce to tackle softer demand for its packaging products from e-commerce and consumer goods firms.
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International Paper (IP.N), opens new tab said on Thursday it was shutting down four production facilities in the U.S. and laying off about 1% of its global workforce to tackle softer demand for its packaging products from e-commerce and consumer goods firms.
@taiwan_girl said in 5% reduction:
International Paper (IP.N), opens new tab said on Thursday it was shutting down four production facilities in the U.S. and laying off about 1% of its global workforce to tackle softer demand for its packaging products from e-commerce and consumer goods firms.
Yep, Campti is one if them. It used to be Willamette, until IP bought them.
IP is just being IP. If you know the industry, people spit when they say the name.
IP typically buys a mill or maybe a string of them from somebody like Boise or Willamette, then proceeds to run the mill into the ground. As little maintenance as possible, OT rather than a full TO and absolutely no new capital outlay. When they wring every dime they can out of the mill, they close it and then try to sell the property, usually economically devastating the small towns where those paper mills are at.
When the management at IP dies, I'd love to go to the funeral. I've never seen anybody screwed into the ground.
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After more than a century of churning out fuel on the banks of the Houston Ship Channel, the city’s oldest refinery is preparing to shut down, potentially putting hundreds of people out of work. Its competitors are welcoming its demise.
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