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by draz
3280 days ago
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- Employee turnover: a large layoff
- Retention: some many know something you don't, especially at the high levels.
- Restructuring/reorging: there are companies that view this method as a panacea for all ailments (rather than treating the underlying issue(s)).
- Projects funded: a concentrated focus on projects that "reduce cost" or "introduce efficiencies" rather than on growth and R&D may be indicative of either a contraction to make a company more palatable for a buy-out, or a simple general state of the money in the bank. |
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- A new CIO, - Then within his first week, a layoff of all the network engineers (except the manager) right before an all heads meeting - An all heads meeting where we were to provided an "accounting of our yearly hours" and it had to equal to 2080 and a reorganization of IT to be instead of a solutions provider to the company, a help desk. - Then over the course of the next three months, a lot of new projects that combined the various services we consumed (hr, payroll, etc) under one single product, beefed up helpdesk staff count (all temp/contract workers) and layoffs from various orgs in IT: security, development, and helpdesk (employees). - Then over the next two months, employee staff count dropped further bringing the total at the beginning from 60 heads to 12. And all the employees were replaced with contractors.
That said, the company gave out larger bonuses because the bonus pool had already been agreed to, and the employee count was almost non existent, so bigger bonuses spread around to the managers (since they were all that was left). Also the company is still growing elsewhere, just shrinking the places that are "cost centers".