Tuesday, November 10, 2009

Layoffs(Last Friday)

Last week, we have around 30 employees laid off as part of redundancy resource removal.
It is 8% of the employees in my company. People who were laid off got good survival package (around 5-9 months salary based on tenure in the company), However it is an emotional loss to let those people leave as they have been working quite long with the company.
Lesson to everyone:
It is always important to be a critical resource, rather than redundant

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