It should be illegal to lay off people without cause while making profits.
Businesses sometimes need to consolidate expenses for long term planning. I understand this.
What should be illegal is laying off regular employees while awarding record high pay, raises, and bonuses to c-suite level employees.
consolidate expenses for long term planning.
Sorry, I dont speak corpo. I had a company myself for 7 yrs. There is no excuse for laying off people while making profits as long as they’re doing their job ok and you‘re not in a rough situation as a company.
The ease with which american companies can get rid of their employees is disgusting.
Especially people from the US and young people dont seem to know that companies are not supposed to make profits every year. Listening to nowadays business news is like „company xyz made 3% less profit than last quarter. Record layoffs coming!“
I‘m glad that this isnt sustainable and i‘m sure it will implode. Waiting for it every day.
Termination with “cause” has special meaning in employment law. It usually means getting fired for theft, fraud, harassment, causing irreparable harm to the company, etc.
One consequence of getting fired with cause is you don’t get severance or most other protections you’re normally entitled to by law. So, the bar for this kind of termination is (rightfully) very high.
Poor performance or even not showing up for work at all generally don’t meet the requirements for “cause”, so I dunno if making it illegal to let people go for anything other than straight up committing illegal or harmful acts makes sense.
Welcome to europe. Poor performance, unless evidently on purpose, coming late (unless regularly) isnt cause here either and it is illegal to let anyone outside of 6 month probation go without cause.
The US system is shit and one reason for suicide rates, poverty and overt greed of large companies. Its disgusting.
Ok so if you read the second thing I said, it's that it should be illegal to lay off some people while giving raises to others.
The idea is, sometimes, you don't have profit and do have to lay people off. And that can be ok. If you have enough revenue to somehow still give your executive raises, that is fucked up.
It should be illegal to lay off people without cause while making profits.
Businesses sometimes need to consolidate expenses for long term planning. I understand this.
What should be illegal is laying off regular employees while awarding record high pay, raises, and bonuses to c-suite level employees.
Sorry, I dont speak corpo. I had a company myself for 7 yrs. There is no excuse for laying off people while making profits as long as they’re doing their job ok and you‘re not in a rough situation as a company.
The ease with which american companies can get rid of their employees is disgusting.
Especially people from the US and young people dont seem to know that companies are not supposed to make profits every year. Listening to nowadays business news is like „company xyz made 3% less profit than last quarter. Record layoffs coming!“
I‘m glad that this isnt sustainable and i‘m sure it will implode. Waiting for it every day.
Termination with “cause” has special meaning in employment law. It usually means getting fired for theft, fraud, harassment, causing irreparable harm to the company, etc.
One consequence of getting fired with cause is you don’t get severance or most other protections you’re normally entitled to by law. So, the bar for this kind of termination is (rightfully) very high.
Poor performance or even not showing up for work at all generally don’t meet the requirements for “cause”, so I dunno if making it illegal to let people go for anything other than straight up committing illegal or harmful acts makes sense.
Welcome to europe. Poor performance, unless evidently on purpose, coming late (unless regularly) isnt cause here either and it is illegal to let anyone outside of 6 month probation go without cause.
The US system is shit and one reason for suicide rates, poverty and overt greed of large companies. Its disgusting.
Ok so if you read the second thing I said, it's that it should be illegal to lay off some people while giving raises to others.
The idea is, sometimes, you don't have profit and do have to lay people off. And that can be ok. If you have enough revenue to somehow still give your executive raises, that is fucked up.
You angrily agreed with me.