I have friends at a large public company that are going through layoffs. Towards the end of December 2023 they were notified of layoffs. Now, I know different people got different “deals” but one of them, for example, was told her position would be eliminated in July 2024. Then, given her tenure, her severance would cover to the end of the year.
What are the business benefits / reasons for laying someone off with 7 months notice and then six months of severance? How does that affect the books / financials for 2024 and beyond?
In: Economics
Not quite the same maneuver but definitely the same cost-cutting motivation: If your boss assigns a younger (i.e. cheaper) protégé to work with you on a project to “shadow you”, take that as an indication you are training the person who will be replacing you – and they’re probably less expensive than you.
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