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[Updated!] Hasbro Laying Off 1,100 Employees
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<blockquote data-quote="TheSword" data-source="post: 9217384" data-attributes="member: 6879661"><p>I have to disagree. I think when you get to that point you are often utterly expendable and judged purely on your results and the impact on the business. I see many more ruthless cuts amongst board members than amongst department heads. There is a running joke amongst us senior managers that if you present at our annual conference (mainly board) then you have a 50-50 chance of being around for the next one.</p><p></p><p>A lot of what we are talking about here comes from company culture. That’s going to be led by the board, the type of ownership, the industry you’re in, the country you operate in, the financial success of the business and the attitude of the workforce. The last one shouldn’t be underestimated.</p><p></p><p>I’m lucky to work in a profitable industry that finds it hard to recruit and is based in a European country so we generally get looked after well. Redundancy payments are uplifted by 50% on top of the statutory requirements. We were paid all through furlough and we’ve had a reasonable pay rise every year. However the company has still made significant redundancies every year for the last 5 years. Being a good company who looks after their team and making people redundant is not mutually exclusive.</p></blockquote><p></p>
[QUOTE="TheSword, post: 9217384, member: 6879661"] I have to disagree. I think when you get to that point you are often utterly expendable and judged purely on your results and the impact on the business. I see many more ruthless cuts amongst board members than amongst department heads. There is a running joke amongst us senior managers that if you present at our annual conference (mainly board) then you have a 50-50 chance of being around for the next one. A lot of what we are talking about here comes from company culture. That’s going to be led by the board, the type of ownership, the industry you’re in, the country you operate in, the financial success of the business and the attitude of the workforce. The last one shouldn’t be underestimated. I’m lucky to work in a profitable industry that finds it hard to recruit and is based in a European country so we generally get looked after well. Redundancy payments are uplifted by 50% on top of the statutory requirements. We were paid all through furlough and we’ve had a reasonable pay rise every year. However the company has still made significant redundancies every year for the last 5 years. Being a good company who looks after their team and making people redundant is not mutually exclusive. [/QUOTE]
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