Meta and Salesforce are looking to re-hire some workers they just laid off. It's putting those people in an awkward spot
businessinsider.com
Meta and Salesforce are looking to re-hire some workers they just laid off. It's putting those people in an awkward spot::Big Tech wants to bring back some of the workers it laid off. The decision might come down to how a company handled the layoffs.
Okay, I'll come back. But for twice the pay and half of the work.
I think this is the answer. Time for the companies to experience the bad side of fire and rehire.
If they no longer wanted you because investors told them to get rid of you, why would they care about you if you rejoined?
If you're not desperate for a job, and found it at least tolerable before, then I'd say ask for an outrageous salary increase. Worst-case, you stay at your new job, best case you go back to your old job but making more money.
Meh, with that higher pay you'll be first on the chopping block the next time investors get antsy anyway. Better to just stick with the new place.
Wait... Why would it be awkward for the employees who you want to re-hire? They would just simply ask a much higher pay... You need their expertise and their knowledge, you have to pay their demanded salary...
It should be more awkward for the companies...
Because this was intended to reduce salaries. And many of those people who were laid off have been unemployed since and are likely desperate for a paycheck again.
You'll see these folks easily take a 50 to 100k cut on TC. (granted many are making 300k+ already)
In circumstances where you decide to leave and are rehired they start you back at the low end of the band for the level you're at, however in layoff situations I've heard you're generally rehired at the salary you made before layoffs as long as you had decent ratings.
If they're taking an immediate cut after layoffs it's likely because their RSUs have reset, which also means they get an initial grant that's higher than the continuous equity refreshers. In every scenario I've seen you average more TC while your initial grant is active, so while this might be an immediate cut, they'll average more compensation over the vesting period of the initial grant.
I know some people in FAANG and spend a lot of time on Blind.
I believe the "correct" term now is "MAAAN"?
😜
On the flip side, there's also the issue of their generous severance packages. Slight TC drop but for a lot of time they got to just sit and wait things out.
I don't want to diminish the stress though, the stress of not knowing what's next is huge, and in my opinion should be accounted for in the TC to return.
If you rejoin either of these companies after they already fired you, you get what you deserve.
Not much longer we're going to have to bring a lawyer to interviews to make sure we get paid our worth and not get one pulled over our heads.
A signifigant raise and a big signing bonus?
That's the only way a company that fired me could hope to get me back.
I would accept it back and just not give a shit while I work on skills I want to improve. On the job training basically.
Require big extras plus signing bonus to cover the time and frustration of being laid off.
Then spend your free time interviewing with other companies that better match your expectations
“I need a signing bonus with an anti-layoff clause”
Four day work week and I’d consider it.
And all of them WFH.
Make sure they double your salary, and if they don't give you an ironclad contract, keep looking for other jobs. Screw those guys.
Pretty common in tech layoffs altogether. Been through several waves over the years and typically the CEO goes "we don't need this team, what do they do anyways?" before firing them and finding out exactly what that team did. I've always told coworkers to tell them hell no.
This is the best summary I could come up with:
Salesforce told Bloomberg it expects to hire in areas like sales, engineering, and data cloud product teams — and said the new workers will help grow the company's AI business to draw further investments.
Salesforce execs, and Benioff in particular, have over the years encouraged workers to view their colleagues and the company itself as "Ohana," a Hawaiian term referring to family.
Earlier this year, the company — under pressure from activist investors to boost growth and margins — said it would step up its focus on profitability and efficiency.
One Reddit user, in late July, asked for advice on whether to return to a former employer that had laid the person off only to turn around weeks later and offer a management position in a different division.
The person, who'd already started another, less-lucrative job, faced a dilemma: "The company laid me off not too long ago so I obviously have reservations," the user wrote.
Sucher said those workers who do decide to give it another go with a former employer are likely going to want to know what a company's strategy is so that it doesn't find itself once again cutting staff.
The original article contains 955 words, the summary contains 192 words. Saved 80%. I'm a bot and I'm open source!
Nah, im sticking to my new place. However if they gonna double and work half a day or just 2 hours. I'll reconsider as a side job.