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Employment

Layoffs Mean Tough Times

Early results of this month’s Work Poll on Severance Packages indicate that folk that lose their jobs are often disappointed with their redundancy pay and sometimes find it tough to find another position.

So far, more than 120 people have completed the poll. Among those who have already lost their jobs, 15 percent got a severance package equivalent to between one and two months' salary and 11 percent got less than one month’s salary.

A significant proportion of people who’ve lost their jobs were disappointed with their amount of severance pay. Thirteen percent felt it was less than they’d expected and 10 percent said, "I've been robbed."

Many people thought their layoff had been handled badly. Twenty percent said their treatment "really sucked," while another 17 percent said former employers "could have been more sensitive."

Most worrying of all, a full 37 percent of people who've been laid off are still looking for another job.

- Peter Heywood, international editor, Light Reading http://www.lightreading.com

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dlharding 12/4/2012 | 8:28:39 PM
re: Layoffs Mean Tough Times Hmmmm....maybe you should take your bigotry somewhere else. There are some who might ask you where you come from and point out equally ignorant stereotypes of your country's people.

Idiot....
kcufde 12/4/2012 | 8:28:39 PM
re: Layoffs Mean Tough Times Government is not bothered on what is happening, and they are not making a good compensation for the people thrown out, from the company

just imagine the position of immigrants. If this continues, then once the market becomes all right, US will have tough time getting people , and all the US people will have to leave their boosing and screwing and start working themselves
jhsu 12/4/2012 | 8:28:38 PM
re: Layoffs Mean Tough Times The article says:
"Most worrying of all, a full 37 percent of people who've been laid off are still looking for another job."

So where are the other 63%? Optical ethernet companies? Companies working on chromatic dispersion compensators? Strip clubs? I would like to see stories from lightreading.com and other sources that focus like a DFB laser on the question of where people are hired. Or is this too hard for superficial, lazy reporters to handle?

I guess lightreading.com wants us to assume that the other 63% were abducted by aliens or bumped off by the Blair Witch.

P.S. I myself am looking for a job and would appreciate any leads you can offer.

Jason Hsu, AG4DG
[email protected]
http://www.jasonhsu.com/tech.h...
Peter Heywood 12/4/2012 | 8:28:37 PM
re: Layoffs Mean Tough Times I just wanted to clarify something regarding the percentages used in this article.

They are percentages of the TOTAL number of responses.

As about half of the folk responding to the survey hadn't lost their jobs, the percentages of folk who HAD lost their jobs would have been about double.

In other words:

- something like three quarters of the folk who'd been laid off hadn't found a job.

- something like 30 percent got between 1 and 2 months' severance pay.

- something like 22 percent got less than 1 month's severance pay.


Physical_Layer 12/4/2012 | 8:28:36 PM
re: Layoffs Mean Tough Times Peter,

One thing to consider is that many of the layoffs have happened VERY recently, ie, those folks may not have had much time to secure a new position as of yet, so at first glance, I'm not as worried at the fact that so many are still looking. I would suggest adding a field that asked, "If you haven't found a new job yet, how long have you been unemployed?"
jimbo59 12/4/2012 | 8:28:36 PM
re: Layoffs Mean Tough Times au contraire, Pierre!

That's not what the original article stated. When you specified the ratios, You clearly
indicated that they were attributed only to the laid off respondents. After all, why
would an employee who did not get laid off be disenchanted with a severance package
they wouldn't have been offered? Consequently, the way the article was written, your
sample of 100% of only laid off employees resulted in the percentages you originally
reported.

You wrote:
I just wanted to clarify something regarding the percentages used in this article.

They are percentages of the TOTAL number of responses.

But you also wrote:
Among those who have already lost
their jobs, 15 percent got a severance package equivalent to between one and two months'
salary and 11 percent got less than one monthGÇÖs salary.
RedRhonda 12/4/2012 | 8:28:35 PM
re: Layoffs Mean Tough Times The government compensates "people thrown out from the company" with a little thing called
"unemployment compensation." It's not intended
to replace your previous salary, just to tide you
over until you get another job.

If your previous country was so great, why don't
you return?
optinuts 12/4/2012 | 8:28:33 PM
re: Layoffs Mean Tough Times i would like to mention that the much maligned lucent gave people 2 months of pay while they looked for a job, whether inside or outside of lucent. if they had worked a lucent for a number of years, they were paid an additional number of weeks equalling their years of service.
Belzebutt 12/4/2012 | 8:28:28 PM
re: Layoffs Mean Tough Times "if they had worked a lucent for a number of years, they were paid an additional number of weeks equalling their years of service."

From what I heard, at Nortel they got an additional number of MONTHS equalling their years of service. Yep, some got 6 months, I'm not sure what the cap is. They also get referred to a good job placement agency, that's probably standard practice.
WDMer 12/4/2012 | 8:28:27 PM
re: Layoffs Mean Tough Times I am surprised what makes you so proud to say
that..!!???!!!
You need to open up your eyes and come out
spell..!
Nortel has given 3 months package and
CISCO has given 6 months...!
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