I work in banking/mortgage/real estate industry. Today, a bank merger went through, and the layoffs were announced.
We lost some really good people. In three departments, there were 50% layoffs. For some people, it was a relief to finally have facts and not gossip and half-truths. Some people are thrilled, as they waited out these last several months for a promised retention bonus, and are now free to go with a little cash. For most, especially the dedicated highly qualified ones, it was heartbreaking and devastating.
Strangest of all - there was no rhyme or reason (it seems) as to who was let go and who stayed. In some cases the most senior member of the dept was kept, and some not. In some cases, the top performers were kept, others not.
been there done that. Not all that long ago, I was laid off, was out of work for four months, and the severance package I got was very close to running out when I started the new job.
For those of us who remain, their plan is to keep the center open in this town for another six months, possibly longer, depending on the economics six months from now. Oh joy.
I am drained tonight - physically and emotionally.
We lost some really good people. In three departments, there were 50% layoffs. For some people, it was a relief to finally have facts and not gossip and half-truths. Some people are thrilled, as they waited out these last several months for a promised retention bonus, and are now free to go with a little cash. For most, especially the dedicated highly qualified ones, it was heartbreaking and devastating.
Strangest of all - there was no rhyme or reason (it seems) as to who was let go and who stayed. In some cases the most senior member of the dept was kept, and some not. In some cases, the top performers were kept, others not.
been there done that. Not all that long ago, I was laid off, was out of work for four months, and the severance package I got was very close to running out when I started the new job.
For those of us who remain, their plan is to keep the center open in this town for another six months, possibly longer, depending on the economics six months from now. Oh joy.
I am drained tonight - physically and emotionally.