Summary
Transcript
Shalom. As to what is happening out here in these streets for the segment of the population that is going to work. Habalah Shatta. All right, so make sure you all get the likes up. Also on top of that, make sure that you tap into the Patreon link is in the description as well as pinned to the top of the chat. And let’s see what you all sent me today.
So I just got laid off yesterday and I felt like I needed to come on here and remind everybody that companies genuinely do not give a fuck about you. Yesterday our company laid off almost 250 people that they promised last year wouldn’t need to be laid off. They gave us no indication that this was going to happen. They said everything was good, the financials were good. We had no reason to worry.
And they had all of these people, all of my former coworkers, working super hard up until the last minute on these imaginary deadlines and super tight turnaround projects. And it turns out that they were doing that because they wanted the work done before they laid off everybody en masse. Sound like a smart boss. Was you all getting paid for the time that you all was there? If so, what? You thought that you was going to slack off? Thought that you was going to slack off? Nah.
While you here, I need to get everything out of you. And I’m pretty sure that you wasn’t working that hard. You don’t look like that hard of a worker, ma’am. You’re working late nights trying to make some imaginary deadline or not taking vacation, not taking care of your family or spending time with loved ones because work tells you you have to stop. Absolutely do not listen to them because I will be the first to tell you that companies are going to fire you even if you do all of those things for them.
Let me bring you all up to speed. She’s not partially wrong, but she’s partially right. Let me explain. Most of the time, these middle managers that you all work for, they don’t even know they trying to keep their job. They may be laid off. They trying to get reassigned into another department because we have to have synergy within the company. Do you all know what synergy means? Whenever you in corporate environments, and they start to use the word synergy, start looking for another job immediately, because what that means in most instances is that we can do more with less.
Or maybe you got a merger or maybe they bought a company and they’re going to merge one department with the other and they don’t need as many people, right? So a lot of these people and these workers on the bottom or the people that’s in the meyer, they just venting. And so you got to take that into consideration. Shout out to black beauty. But most of the time, the middle manager, the manager on top of them, and sometimes even the director that’s on top of them have no clue what the financials are, what is coming down the pipeline, how much they’re going to have to make adjustments, and it’s different scenarios for different situations.
So when they told them last year that everything was going to be okay, they probably thought that it was, they probably had some upcoming contract renewals. Maybe they thought the government was going to still rock with them. Maybe they thought that they was going to have just as many clients. They didn’t know AI was going to come over and lay them off or whatever. And then the circumstances can change just like that.
The stock price can drop, the UAW can strike, the suppliers can now be messed up. And so there’s a lot of different scenarios. And layoffs are not entirely based off of the company planning to get rid of you. Layoffs are often circumstantial, and again, it comes from the top down to the bottom, and there’s no visibility into what’s going to happen. And so you have to be interdependent on somebody else to be able to do their job effectively so you can still have work to work for.
But if you’re getting paid, then you should continue to do your job effectively until you’re not. And stop depending on these companies in order to save you all. They’re not going to save you all. You have to prepare yourself for a worst case scenario, which then puts you at an advantage and not a disadvantage. But let me continue to hear what they got to say. Come with me to get laid off.
My company is doing layoffs today and I have a 15 minutes surprise meeting on my calendar. And so I imagine that’s what’s happening. Yes. And unfortunately, your role is one that is impacted by the changes. Leadership team has been evaluating our structure, our costs, and we’ve mapped out certain changes that will help us better streamline the work that we’re doing. So I wasn’t wrong. I did get laid off.
I was thinking about quitting this job anyway, and at least I have a severance now, so it’s better than quitting. Join me on this journey to see how I spend my time till I find something new. Hopefully, you got a husband. Yay for the tech world. Two months from today, whatever date it is that you’re watching this video, you will be in a better situation. Who isn’t getting laid off right now? I just got another friend tell me that he’s getting laid off.
I just got a bonus. I’m not lying. Remember when I showed you all. What was that two weeks ago where I got a retention bonus? I didn’t even know it was coming. They said, anton, congratulations. We’re going to give you an extra 25,000. What was like 25, 30,000 after taxes? Four hundred and one k. And all of that stuff, it wound up being like, I don’t know. It was like 17,000.
I never even knew it was coming. I went and tricked it off on all of my friends. I gave it all away. I got a retention bonus. I didn’t get laid off. I don’t know, maybe it’s a little different for me. Where is it at? Let me look for the blue. There it is. Oh, no, that’s not it. Where is it at? Retention bonus right there. See it at the top? I got 17 bands as a retention bonus.
You all seen it before. Some of us ain’t getting laid off. Some of us is getting rewarded for our loyalty. Brittany said they just got a pay. Hey, shout out to the bag chasers. If you’re not a bag chaser. Your bonus kicked in, too, big boy. Shout out to Brittany. Just got a pay raise. You got a bonus blamar. Just hit your bonus G collection. Still bag chasing Asriel Kenjay? You just got a bonus Cartweight, Cartwright.
We got to work on that. We got to work on you. Listen, if you’re not a bag chaser, link is in the description as well as pin to the top of the chat. We hiring over here. You need a job. Listen, and all of the people that y’all see on here, these are not black folk. You got a bonus, Mr. Tesla. I like that name. That retention bonus hit.
That retention bonus hit a k our streets. I love this bonus. Plus more pto. And I’m carrying over a week of PTO. You know what I’m saying? And this is all white folk. So I don’t want you all to blame this on race either. They did not lay these people off based off of the color of their skin, but their contribution into the company. You know what saying? And, like, that’s like three in a week.
I feel like nobody’s really talking about, they must work for the city of New York is heading into the shitter. Everybody’s been saying, eat the rich and corporate greed for the past three, four years. Nope. But not gonna happen. We’re getting richer every day. The only reason why those companies were so freaking greedy is because money was free. And that’s one of the problems that we’ve know. Peter Schiff has been talking about this for years.
And if we want change, we have to be talking about this stuff. We have to be communicating. It’s getting personal, right? It’s already getting personal, but we got to spread it out every day. We should be talking about this. Nope. I talk about it on a Millionaire morning show all the time. Y’all said that y’all didn’t want to hear it. You said you got your own life together.
You don’t want to hear what I got to say, you gonna get it. Any means necessary. Okay, well, then when I told you that the middle class was going on was divide us and it was no longer being middle class, it was going to be rich and poor. You laughed at me. Anton doesn’t know what he’s talking about. What is he talking about? Anton, you can raise a family of $450,000 a year.
You’re out of touch with reality. Now you’re sitting up here on a TikTok having a conversation with me about how you got laid off. Okay, well, then do your thing. You got it. You got it. I think there is a chance I could get laid off for a third time, and here are my reasons. Coming from someone who has been laid off three times, here are another couple of things to look for.
Has your senior leadership team had an in person meeting recently, or have they all met virtually recently? Go to your calendars and look and see if there’s a meeting. That doing all that doesn’t happen every single week. No. On top of that, if it’s going to happen imminently, I would go to your HR person’s calendar and see if there are multiple 15 minutes or 30 minutes blocks of time that are blocked out as busy and don’t have anybody invited to them yet.
No. I’ve predicted layoffs at my company in the past. And then what did you get another job or you just got laid off again, you still got laid off like everybody else. It didn’t help you by doing this just like calendar stalking. And it gives you quite a bit of anxiety because they’re not going to tell you that you’re on the chopping block until they send out that email, add you to the calendar invite.
So, I don’t know, sometimes ignorance is bliss, but also you can’t help yourself. So good luck. I hope that you don’t get laid off. Well, the good news keeps on coming. If you didn’t believe my post about one way loyalty the other day, I’ve got some data to share with you now. I mean, Forbes happened to update their layoff tracker and yes, they have a layoff track. What is one way loyalty? Didn’t you get paid for the job that you was doing within the corporate space? Mostly b two b, but some b to c companies in there.
And this is everything, not just software companies where we traditionally hear about those layoffs. A couple of the notables, Panera bread, 17% of their corporate positions have been eliminated. Charles Schwab, 5%. That’s an estimated $500 million in savings. Conde Nash, another 5% and guess where it’s going to go over into whoever it is that’s on the board and the shareholders. Whoever it is that’s on the board and the shareholders are the ones that’s going to benefit and we’re going to benefit from efficiencies.
So the more that you protest, the more that you advocate, the more we going to eliminate, more that we’re going to innovate. All right, another 700 positions. That’s, I think, 1300 for the year. All told, that’s well over a half a million jobs this year. And that’s just what. But the economy is doing well, though unemployment is at a record low, probably not as bad. The scary thing is these companies aren’t gaining any efficiencies, they’re just cutting costs.
So I don’t see this getting any better. So if you haven’t been preparing for what’s next for you and you’re still in corporate, I would highly recommend you take the time to do that. Now, I hate to be the bearer of bad news, but I don’t think the market is going to make a major turnaround until 2025. And this is. Who are these TikTok economists? I’m just curious why most of the recruiting leaders that I’m talking to are saying that in Q one Q two next year companies are going to start hiring again, but it’s not going to be at the rapid rate that they were in 2021.
Corey, you’ve got another player in the game as well, which is eight. Why would they continue to hire like they did in 2021 when everybody was working from home and money was free and flowing and they didn’t have to pay any interest on the money that they was borrowing? Why would they continue to hire at that rate? Why would they hire at work from home jobs, anticipating an uptick when they know that all of the monies has already been used and siphoned off and they’ve extracted as much as they possibly can from the federal government, especially when it came to PPP and Covid funds and all of that.
And you got to compete with artificial intelligence and efficiencies and robots and, man, listen, y’all can’t even get on the phone with a real person until you go through a whole bunch of prompts that then leads you down a path that’s probably going to hang up on you and then you’re probably going to get somebody over in India that’s doing it much cheaper. AI. So a lot of companies are looking to automate tasks.
They’re looking to use AI and they’re looking to build leaner and smaller and more efficient. I see you. One eight. You got to realize that 2021, there was just a mass amount of hiring. There was too much hiring. Companies were over hiring. And now with the layoffs, there’s a lot more people on the market. So to expect things to swing back to where they were is unrealistic. So in Q one Q two things will begin to update market where nats just seen the video and they just laid off a bunch of Amazon workers for no reason at all.
We got people out here that’s crying and stuff. They don’t know what’s going on. They don’t know how they gonna pay their bills or none of that. Right? I thought that y’all was whining about Amazon. I thought y’all didn’t like Amazon jobs. I thought that y’all didn’t like Amazon jobs. Oh, remember when Amazon was telling y’all that they got a bunch of robots that they replace and it’s not to actually lay y’all off, it’s to work with? You remember when we did that live stream and the leaders and the vice presidents of research and development and they was trying to make it easier so you all can stop fumbling the bag and complaining about what it is that you got to come.
I don’t feel like working today. Why are you crying? Why are you crying? You didn’t know that all of these robots that was over there being the more efficient inside of their warehouses that they was coming out with was going to make it a lot more efficient. And now they actually having physical robots pick up the whole packages and put it down and they’re not going to make no mistakes.
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