company restructures
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Any body been through this?
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Any body been through this?
wolfbinary wrote:
Any body
Bad Halloween pun? Regards, --Perspx
"I've got my kids brainwashed: You don't use Google, and you don't use an iPod." - Steve Ballmer
"Some people have told me they don't think a fat penguin really embodies the grace of Linux, which just tells me they have never seen an angry penguin charging at them in excess of 100mph." - Linus Torvalds -
wolfbinary wrote:
Any body
Bad Halloween pun? Regards, --Perspx
"I've got my kids brainwashed: You don't use Google, and you don't use an iPod." - Steve Ballmer
"Some people have told me they don't think a fat penguin really embodies the grace of Linux, which just tells me they have never seen an angry penguin charging at them in excess of 100mph." - Linus TorvaldsUnfortunatately not for my fellow IT people. Although it doens't apply to me. Holiday festivities, pat on the back, then this. I don't see it making many of them happy at all. I see mass exodus possibly or at least people starting to look and looking hard.
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Any body been through this?
Many times. Working for Intel for 6 years it ended up being almost a yearly 'thing'. I feel your pain...
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Unfortunatately not for my fellow IT people. Although it doens't apply to me. Holiday festivities, pat on the back, then this. I don't see it making many of them happy at all. I see mass exodus possibly or at least people starting to look and looking hard.
wolfbinary wrote:
Although it doens't apply to me.
Lucky you, then. Regards, --Perspx
"I've got my kids brainwashed: You don't use Google, and you don't use an iPod." - Steve Ballmer
"Some people have told me they don't think a fat penguin really embodies the grace of Linux, which just tells me they have never seen an angry penguin charging at them in excess of 100mph." - Linus Torvalds -
Many times. Working for Intel for 6 years it ended up being almost a yearly 'thing'. I feel your pain...
I'm a contractor so it doens't affect me, but I feel bad for the other people. I just need to know if they're going to renew the contract or not. This does explain a lot though. How have you seen things play out?
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Any body been through this?
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Any body been through this?
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Any body been through this?
wolfbinary wrote:
company restructures
Yes
Why is common sense not common? Never argue with an idiot. They will drag you down to their level where they are an expert. Sometimes it takes a lot of work to be lazy Individuality is fine, as long as we do it together - F. Burns
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I'm a contractor so it doens't affect me, but I feel bad for the other people. I just need to know if they're going to renew the contract or not. This does explain a lot though. How have you seen things play out?
oh it doesn't? (I mean, maybe it doesn't, but it did for me:) typically, a company isn't required to keep you on for the full contract duration. Typically, they off some employees, and then dump ALL contractors... Just happened to me. I'm on the streets on Dec 1. I'll start lookin again Jan 1. But it's not buggin' me much. I need a vacation. (That's what we contractors call the periods in between contracts.) And they actually gave me 2 months notice which is unheard of in contractin' land. Good luck to ya. And me :)
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I'm a contractor so it doens't affect me, but I feel bad for the other people. I just need to know if they're going to renew the contract or not. This does explain a lot though. How have you seen things play out?
Typically contractors go when they re-org like that. I don't think I have ever seen a case where contractors have survived one.
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wolfbinary wrote:
company restructures
Yes
Why is common sense not common? Never argue with an idiot. They will drag you down to their level where they are an expert. Sometimes it takes a lot of work to be lazy Individuality is fine, as long as we do it together - F. Burns
It's good to hear some reality, but I'm asumming they won't be renewing my contract. The way they told the full time employees was real neat though. I have to hand it to upper management. They certainly knew how to destroy moral in the company. What about for you full timers out there? How have these things typically played out for you?
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Many times. Working for Intel for 6 years it ended up being almost a yearly 'thing'. I feel your pain...
Ray Cassick wrote:
almost a yearly 'thing'.
When we have rude jackasses as managers, that becomes an yearly 'jubilant' celebration for them and a pain for us to endure though. :sigh:
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Any body been through this?
wolfbinary wrote:
Any body been through this?
As a contract employee I have worked for 4 companies (by name) and the same office. Between company changes, there have been several restructures every couple of years to stay competative. I am an old hat at restructuring, like the comment above and Intel, you get used to it. :sigh:
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Any body been through this?
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wolfbinary wrote:
Any body been through this?
As a contract employee I have worked for 4 companies (by name) and the same office. Between company changes, there have been several restructures every couple of years to stay competative. I am an old hat at restructuring, like the comment above and Intel, you get used to it. :sigh:
Thanks. I'm sure I'll get used to it with time. It just fascinates me at the moment, but also pisses me off. This was to grow new business. The striking thing is they're going to have a lot more work to do with the new business, but less resources that are already stretched thin on existing projects. I think there will be people leaving because of the stress or will at least remember it for a later career change.
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Any body been through this?
Perhaps a better question would be: Anyone not been through this? First, a couple of resizings at a prior employer, the last of which left me with a severance package to start my own business. Then I reorganized myself a couple times in the process of learning how to make a living on my own. Finally I went to work for another outfit and they've reorganized twice in the past 2 years. Since I've been getting my paychecks on time and will soon be on vacation (officially) for the rest of the year, I think it's pretty hilarious. But then again, I'm always ready, willing and able to exit tomorrow. I still have my own business on the side that could become full-time within a few minutes.
The PetroNerd
Walt Fair, Jr. Comport Computing Specializing in Technical Engineering Software
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It's good to hear some reality, but I'm asumming they won't be renewing my contract. The way they told the full time employees was real neat though. I have to hand it to upper management. They certainly knew how to destroy moral in the company. What about for you full timers out there? How have these things typically played out for you?
Well, the only time I was actually laid off, I saw it coming about 4 years ahead of time, so I was ready. In fact, if they hadn't laid me off, I would have quit within a few more months and gone my own way. What happened was the manager called us all into his office one at a time and told us if we were being laid off or not. I was first on the list, since I was the senior guy in the group. Poor fellow was really nervous and obviously very uncomfortable having to do the dirty work. He explained that I was being offered a severance package and I could accept it or turn it down. If I turned it down, the company would re-evaluate things when they saw how many had accepted and how it compared with their salary reduction quotas. He told me that I had a certain amount of time to consider things before giving them an answer. (I don't remember how long that was.) He also said I was not supposed to tell anyone if I had been axed or how much the severance package was. He then asked if I had any questions. I thanked him for being frank and said I was sorry he was put into that position, then said I had only one question: If I decide early, can I exit the company before the deadline? He was totally flabergasted. I left and started my own consulting business. Within the year the company called me in as a consultant and I billed my normal fees. I have to say that it was a little traumatic at the time, but it was actually the best thing that ever happened to me in the long run. I've had a lot more fun and made a lot more money working on my own. I also found out that I'm tougher on myself than any boss I've ever had!
The PetroNerd
Walt Fair, Jr. Comport Computing Specializing in Technical Engineering Software
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Any body been through this?
I went through a couple at my previous place of employment. This company boomed when Australia introduced the GST, and as a result, went crazy hiring new people, as they were needed at the time. Within 12 months of the GST coming in, a restructure was required to cut (mainly labour) costs as I don't think they hired many people on a contract basis. Needless to say, many people were made redundant in this period. Then five years later, due to a change in a number of things that were impacting revenues, another restructure was initiated as well, and while I feel that I didn't think some of the changes were good, they seem to have come out of it pretty well. Looking back at the second restructure during my time there, I have come to believe that at least all larger companies must go through a periodical restructure, not just to control costs and increase revenue, but to help them change and improve their offerings to customers. Small business however, is a lot more dynamic in responding to customers and keep a much closer eye on the finances, so restructures aren't such an issue for them.
------------------------ Luke Lovegrove ------------------------
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Thanks. I'm sure I'll get used to it with time. It just fascinates me at the moment, but also pisses me off. This was to grow new business. The striking thing is they're going to have a lot more work to do with the new business, but less resources that are already stretched thin on existing projects. I think there will be people leaving because of the stress or will at least remember it for a later career change.
wolfbinary wrote:
The striking thing is they're going to have a lot more work to do with the new business, but less resources that are already stretched thin on existing projects.
that is normal, unfortunately. It is less expensive to work overtime than to pay another person. If you are looking ONLY at the bottom line, benefits run 20-25% of wage on a full-time employee. but by working overtime, the benefits remain the same only the hours and wage goes up, but even with time-and-a-half compensation, that only raises it for the hours past 40 a week, still keeping the costs below the benefits of hiring someone else.