LyonHart305's journey

I was part of a mass layoff announcement two weeks ago at my company, with my official separation date set for the end of July. What’s really puzzling me is why we’re not allowed to sign the separation agreement until the very last day, or even after. I just don’t understand the reasoning behind this delay. It feels like they might be creating a sort of ‘buffer zone’ where they can adjust terms or numbers before we officially separate. Maybe I’m overthinking it, but I can’t shake the feeling that there’s more to it. I’m reaching out to see if anyone who has been through a similar situation—HR professionals, managers, or even those who have been laid off—can shed some light on why companies do this. Is it a legal requirement, a strategy for liability, or something else? I’m feeling quite confused and would appreciate any insights from those who know the inner workings of these processes.

I was recently laid off from Intuit, where I worked for several years. They let go over 3,000 employees last week, and I was among those affected. The company cited "AI" as a reason for the layoffs, yet I noticed their careers page and LinkedIn are still filled with numerous open positions. This has left me questioning the motives behind these layoffs. It seems like a trend among tech companies to cut costs by laying off higher-paid employees, only to hire back at lower salaries and reduced benefits. It's disheartening to see this cycle where layoffs are followed by new hiring, often at a fraction of the previous salaries. I can't help but feel that this is part of a larger strategy to reset salary expectations in a post-pandemic job market. The Great Resignation of 2021 forced companies to offer better pay and benefits to retain talent, and now it feels like they are trying to reverse that trend. As I search for my next opportunity, I’m left wondering about the state of employment rights in the U.S. and how companies can get away with these practices.

I was recently laid off from my role at a fintech company, marking my third unexpected mass layoff in less than a year. The timing couldn't be worse, as my family and I just closed on a house, committing to a $3.5k monthly mortgage. Now, I'm left feeling lost and anxious about where my next paycheck will come from. I didn't even receive a performance review before the layoff, and the entire team was let go, which has left me feeling quite uncertain about my career path. I'm reaching out for advice or solidarity from anyone who's been through a similar situation. I know the job market is tough right now, and I'm trying to figure out my next steps amidst this chaos.