Has your office/company laid people off? PART 2

[DTTB_36]

Well, this is nerve wracking. Just waiting....
They sure are taking their sweet time to tell people

[phreezee]

Email said be at your desk 8am-12pm, right? Calls for a celebration lunch, good luck!

[DTTB_36]

Yeah, it more or less did. My group will prob go for lunch and hope for not bad news when we get back lol.

[gkAeris]

Originally posted by DTTB_36
Yeah, it more or less did. My group will prob go for lunch and hope for not bad news when we get back lol.

this happened to our company as well, was told to stay at your desk from 8am-noon. They only laid off about 3 from our group. by lunch time you know who the casualities are....and each time someone got picked you can be sure everyone was lyncing each other....

It was a scary day for sure.........

only another hour to go for you guys...GOOD LUCK!

[Mibz]

At first I thought you guys were misinterpreting me, but maybe not, haha.

1. You're giving away your ability to negotiate for 3 years in exchange for NOTHING. Your job security is not guaranteed, they could still lay you off the next day if they wanted to, your severance would just be 25% lower.

2. If you told them you wanted to renegotiate or you'd quit, they'd laugh you out the door. The job market in IT is fine right now. If you can't find a new job, then you sure as shit don't have the clout to threaten to quit.

I'm saying go ahead and sign the contract, but don't pretend it's a good deal. Start looking for another job immediately, not just when things pick up. You've got all these people too scared to switch jobs right now because they think the job market is piss so there's no competition. Once things pick up suddenly everybody who took a pay cut is starting to look elsewhere.

[DTTB_36]

Email for success!

[sputnik]

Originally posted by Mibz
I'm saying go ahead and sign the contract, but don't pretend it's a good deal. Start looking for another job immediately, not just when things pick up. You've got all these people too scared to switch jobs right now because they think the job market is piss so there's no competition. Once things pick up suddenly everybody who took a pay cut is starting to look elsewhere.

My thoughts exactly.

The company putting this in front of their staff is just going to end up losing their best and retaining their worst.

Granted they might have to trim budgets by 25%, but this is not a smart way to do it.

[Xtrema]

Originally posted by LilDrunkenSmurf


It's a terrible deal. You're giving away your negotiating rights, and cost of living raises over the next 3 years. I'd rather walk away, since I doubt oil will take that long to turn around. 25% is also more than the industry average for working in O&G in IT. You're really only typically looking at a 20% different between O&G and non O&G work.

There are places that have a negative unemployment rate (there's a starving job market), so they're calling around the country to poach folks right now.

Depends on the line of work. There are jobs that keep you in exposure for higher pay grades down the road and there are jobs that are not even worth your time.

25% is off contracting rate. You should be able to survive on that. If 25% off salary, that's a whole different deal and it's time to start looking.

I agree that 3 year is a bit long for a contract. That's equivalent of out of work for 9 months for the amount you are signing away. A year or so make more sense.

I don't know if 3 years is enough for this downturn to turn around. I think the current employment rate will be the new norm for at least the next 3-5 years.

Originally posted by sputnik


My thoughts exactly.

The company putting this in front of their staff is just going to end up losing their best and retaining their worst.

Granted they might have to trim budgets by 25%, but this is not a smart way to do it.

These tends to be bigger firms I assume. Smaller ones will not even bother and go after 25% head count.

[KRyn]

http://calgaryherald.com/business/en...ojects-shakeup

Layoffs over at TCPL CONFIRMED today.

[adamc]

^ there it is, I was too slow. Heard some stuff about axes falling at the BOW building too.

Rumour of big layoffs at Trans Canada today, anyone confirm?

[KRyn]

Originally posted by adamc
Rumour of big layoffs at Trans Canada today, anyone confirm?

Same time huh? Please check the time stamps.

[adamc]

Originally posted by KRyn


Same time huh? Please check the time stamps.

What the fuck is wrong with you? Sorry, I posted two minutes prior to your post. I'm sitting here with my feet in Lake Okanagan, drinking my coffee and not refreshing the page every 2 seconds before I post.

[KRyn]

Originally posted by adamc



What the fuck is wrong with you? Sorry, I posted two minutes prior to your post. I'm sitting here with my feet in Lake Okanagan, drinking my coffee and not refreshing the page every 2 seconds before I post.

You are asking me what my problem is and you are the one freaking out? Obviously your holiday isn't working as intended. I suggest you put some Baileys in your coffee and go get on your significant other. Report back after please.

[2Legit2Quit]

^

[lasimmon]

Dick swinging contest is ---> way

[bjstare]

[CompletelyNumb]

Too much tren rage here.

Jelly about okanagan lake though.

[XylathaneGTR]

Originally posted by CompletelyNumb
Too much tren rage here.
Jelly about okanagan lake though.

Errbady just freaked about the layoffs man!

[CompletelyNumb]

I've been out of work since Feb. The drepession of poverty has already hit.

[jaylo]

I would assume that the majority are from the Keystone XL and Energy East project. Projects over 1 Billion are Major Projects

Sucks because when Keystone XL was frozen, lots of engineers and workers moved to Energy East and other projects, 2 years later, bam

http://calgaryherald.com/business/en...ojects-shakeup