News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
I have been involved in 2 layoffs. The work did not disappear. The first time, I trained the imported / overseas staff who replaced us, and the 2nd time, I was retained to manage the contract. They did subpar work for pennies on the dollar. Everyone suffered, and nothing improved other than labor costs.
I seriously don't understand why, after over 20 years of shoddy outsourcing, anyone would ever greenlight this shit?
I mean, even from a shareholder's perspective, unless I want to sell my stocks within the next year or so, I should oppose these stunts. And since most stocks are owned by institutional investors, that are kind of interested in long term growth, this should be a no brainer.
Favoring short-term gains over long-term value is exactly why this happens. Labor is often one of the largest cost centers in business, so shaving 10% off could potentially save millions in the short-term. Who cares if those gains eventually get offset or even eclipsed by losses in efficiency or innovation? I can just dump the stock/short it and leave someone else holding the bag.
Insert "First Time?" JPEG here
It should be, but there are plenty of perverse incentives, mostly about next quarter's profits, cashing out, seagull managers, loot and scoot executives, etc...
Did you see it coming when you trained them or did it catch you off guard?
We were given 6 months pay to do 2 weeks of work
Severance?
Nope, that was separate and based on seniority. 2 weeks for every year as a permanent employee. I had 13 years at the time.
Our labor costs for the department were 2.9 million. The outsourced contract was for 1.8 mill. The only highlight is that instead of rolling new stuff out on the backs of current staff, they had to negotiate the minutia every time. Eventually...costs evened out, but by that time, the CFO had bounced to his next gig.
Even domestically, you'll always find some dumbasses willing to sell their entire lives to make ends meet. I know after my layoff from an environmental monitoring company, all the work my region was doing got shifted to a single team down in Kentucky who was already doing 12hr days. They're now doing 16-18hrs last I heard, 6 days a week because they're covering 3 separate states with 4 people, for 2/3 of the hourly pay I was making.
This is a worker exploitation problem compounded by a short-term vs long-term thought process.