Tech company I worked for implemented a bastardized version of this purgatory firing model. Basically a manager/director is told to cut budget and is forced to build a list of people whom will be let go. From there he/she is given a date that the layoffs are meant to happen. It is then up to that manager/director to go around shopping for new roles for the people who are meant to be laid off. He/she contacts other managers, asks that the conversation remain confidential, and asks if the other manager has any open headcount.
Where it gets really weird is that other manager might decide to layoff someone from their team, for example a low performer, to make room for a higher performer that original manager is having to let go. The whole process is done very behind the scenes without effected employees being told. Finally when firing day comes the employee is basically told they are fired but have the option to "apply" for this other role.
Unclear why this company does not do it out in the open like Google and Facebook have chosen to do.
If I were one of these managers I would be reluctant to take on the person because they’ve been designated as low performing already. Wouldn’t you just hold out for a stronger external candidate? Or is that the point?
Not necessary that the employee being let go is a low performer. Say you are a manager and get a budget cut. You have to let 4 people go. You might not have 4 low performers to cut. Large scale layoffs often involve letting go of good employees.
In Europe this sort of shenanigans would be illegal. You'd have to make the employees redundant with some kind of pay out, and couldn't hire others into similar roles.
I do think it's quite funny that the crowdsourced opinion that the metaverse is a stupid, money losing idea has proven to be correct.
Facebook has a much more immediate brilliant idea than the metaverse: becoming an "antisocial" network with random clickbait content replacing subscriptions and friends. Why do I see wombat puppies and agate miners for days on end?
If you look at the number of employees mentioned here, it's very small. Either these are outliers, or trial runs to test something that will eventually be scaled up.
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[ 3.0 ms ] story [ 30.9 ms ] threadWhere it gets really weird is that other manager might decide to layoff someone from their team, for example a low performer, to make room for a higher performer that original manager is having to let go. The whole process is done very behind the scenes without effected employees being told. Finally when firing day comes the employee is basically told they are fired but have the option to "apply" for this other role.
Unclear why this company does not do it out in the open like Google and Facebook have chosen to do.
Edit: fixed spelling
I do think it's quite funny that the crowdsourced opinion that the metaverse is a stupid, money losing idea has proven to be correct.