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.
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)
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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.