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IT Layoffs At Insurance Firm Are A 'Never-Ending Funeral' (computerworld.com)

dcblogs quotes a report from Computerworld: The IT layoffs at MassMutual Financial Group will happen over a period of many months, and it's going to be painful for employees. Employees say they are training overseas workers via web conferencing sessions. There are contractors in the office as well, some of whom may be working on temporary H-1B visas. Employees say they notice more foreign workers in the hallways. Approximately 100 employees are affected. The employees are angry but can't show it. A loss of composure, anything other than quiet acquiescence, means risking two weeks of severance pay for each year on the job. But maintaining composure is hard to do. "I know a few people that are probably close to a breakdown," said one IT employee. [A second IT employee described the emotional impact of the layoffs on employees in this way: "It's like a never-ending funeral."] Intel also confirmed major layoffs in April, which will affect some 12,000 employees or 11 percent of its total workforce.

4 of 420 comments (clear)

  1. Re:This sort of thing is why people like Trump by AK+Marc · · Score: 5, Informative

    Bernie's "free everything" has a funding plan that pays for all of it, and doesn't grow the debt. Only his haters imply the plan can't work, when it's about the same as everyone else's, with just a few numbers changed.

  2. Re:This sort of thing is why people like Trump by smooth+wombat · · Score: 4, Informative

    No, I got your point. I was showing the hypocrisy of those who blindly support him.

    He says he'll bring jobs back to America yet refuses to manufacturer his own products in this country.

    He say's the economy sucks yet he's making money at it by not employing Americans.

    He talks about how much his stuff is worth, such as a golf course, yet his accountants value the same property at 1/10 what he says, thus depriving the community of taxes.

    I read his book, Art of the Deal, way back when (unlike others just now jumping on the band wagon). In it he openly describes how he deceived and lied to banks to get his loans for the casinos in Atlantic City.

    His famed Trump University? Nothing but a money-making scheme to get people to hand over their money. Even the people who used to work for him state it was all a big lie.

    But none of this matters to his supporters. Not even the fact he considers failure (i.e bankruptcy) his first option rather than the last will dissuade those who are pissed a black guy is in office, the stock market is at its highest levels ever, all the jobs lost by the last president have been recovered and then some and gas prices are low. All they want to hear are platitudes and bloviating from a white guy who is on his third marriage.

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    We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
  3. Re:This sort of thing is why people like Trump by losfromla · · Score: 5, Informative

    30 years ago we had free, or next to free college in California. All the way through a Doctorate at the public universities UCs and CSUs, some of which were also world class.

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    Only I can judge you.
  4. Re:This sort of thing is why people like Trump by sociocapitalist · · Score: 4, Informative

    IIRC, Bernie's plan was "significantly increase taxes on the middle class", which might actually work, assuming the economy doesn't tank as a result of the taxes. I like his honesty. When politicians say "tax the rich" what they always mean is "increase taxes on the middle class", but people keep falling for that lie.

    You could have taken three seconds to check before making such an inaccurate statement.

    https://berniesanders.com/issu...

    Bernie is the only sane hope for change at this time.

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    blindly antisocialist = antisocial