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Payroll drop but sharp drop in layoffs? Are people just quitting or are companies laying people off without calling them layoffs?
I was laid off Monday, but all the paperwork says is "reduction in workforce". Id always thought that was just business speak for layoff but maybe they're using it as a technicality.
The difference between a layoff and a RIF is that a layoff means they can't afford to pay for specific positions right now and that if they can in the future then they will reopen those jobs, while a RIF means they are changing the structure of the company and all those jobs are going away permanently.
Well it doesn't matter to me because I just got hired at a new shop and start Monday. Union machinist position this time . I think 4 days for a raise and better benefits is my record lmao I'll have to send those assholes a thank you note
That's awesome. Good for you!
I hate when companies throw away good employees just to chase a slightly higher profit margin, so it's nice when it works out better for the people they treated badly.