2023-09-11 09:49:00
Key Points: The Quiet Cutting phenomenon is occurring in many companies in the United States, including Adidas, Adobe, IBM, Salesforce, etc. The reason why companies assign new jobs to old employees is that is part of “Organizational restructuring” may be done to fulfill tasks that are important to the organization’s future plans. At the same time, it helps reduce costs. But in another sense Such actions may mean “Playing the waiting game” to wait for the employees to be transferred You may decide to resign on your own. The company does not have to announce the lay off and thus does not have to pay compensation. The phenomenon of “Quiet Cutting” is happening to many large companies in foreign countries. (There may also be some Thai companies.) This means that the company has restructured itself. It may be for reasons of generating income, loss of financial statements, or unnecessary costs. Therefore it is necessary to reduce employees in some departments. or cutting out some positions Why is the “Quiet Cutting” phenomenon happening more this year? The Wall Street Journal reports that the Quiet Cutting phenomenon is occurring at many companies in the United States, including Adidas, Adobe, IBM, Salesforce, etc., reflecting the challenges employees are facing in the labor market. which is not as strong as last year, while AlphaSense, a financial research platform Revealed the results of the analysis through The Wall Street Journal that the reason the above companies assigned new jobs to employees is is part of “Organizational restructuring” following the company had Earnings Calls increase more than 3 times between August of last year and August of this year. This reflects that the company may be in a period of financial instability. Note: Earnings Calls refer to calling meetings with senior executives and investors. To update the company’s earnings to investors/shareholders. and EPS forecasts for the current quarter or full year. This may indicate the overall picture of the business. “Transfer the same employee” to a new position On the one hand, both the organization and employees benefit. But the other side is the quiet forced resignation, said Andy Challenger, senior vice president of Challenger, Gray & Christmas, a job search consulting firm. (Outplacement) explains that when the company assigns new work to the same employee It is an important part of any major transformation of an organization to survive. “For a large company that has been around for many years and spend a lot of money hiring top talent. Assigning existing employees to new roles It may be one way to fill in tasks that are important to future plans. At the same time, it reduces costs associated with previous strategies,” says Andy Challenger. But on the other hand, Such actions may mean that executives may be “A waiting game”: dealing with a situation by deliberately doing nothing because they believe they will gain an advantage from their actions later) to wait for the employees who were transferred You may decide to resign on your own. If you feel stuck in a job that you don’t want This causes the company to not have to pay compensation for announcing Lay Off. Revealing the experience of employees who were subjected to Quiet Cutting, but I didn’t resign! One of those affected by Quiet Cutting is Matt Conrad, a 34-year-old senior sales professional at IBM who had two new assignments in the two years before taking his current position. 3) regarding the middle of last year He expressed his feelings saying “It’s like the company wants to communicate something like this. The company appreciates everything you do for the organization. But so that we don’t lay you off. Therefore, you will have to do the best you can with the new tasks assigned to you. Or find another job somewhere else.” On Conrad’s first assignment in 2021, his manager gave him an appointment to inform him that his manager role had been cancelled. and he received a new job in the position “Software salesman” with no prior experience It’s an act he says has had a negative effect on his mental health. But even then, he chose not to resign! “Not resigning when assigned a new job. It’s a matter of principle. I will not give up because I have been in a high-ranking position before. And it’s not fair,” Matt Conrad said. Another case involved Grant Gurewitz, a 32-year-old marketing employee at a software company who said he had just been transferred to a new position in a different city earlier this year. Last year 2023, the company removed his previous position of “Head of growth marketing”. Then he had him take on a new position, “A Global head of growth marketing” where he had to move both his workplace and his residence and have more responsibility. But there was no salary increase! The company gave him this offer and gave him 24 hours to choose between “Agree to accept 2 new jobs” or “Resign” In the end, he chose to accept the job instead of resigning. The reason being that it was an opportunity for him to grow in his old line of work. And help build on the skills that they already have, showing signs of “Quiet Cutting” that are different from general position transfers. However, when employees are caught up in organizational restructuring This may create quite a bit of anxiety for employees. Of course, not every employee will accept a new position well. There are inevitably some employees who, when they perceive that they have been thrust into a difficult situation, Or knowing that there is definitely a risk of being laid off, that situation will encourage them to resign. Without realizing it, are they being played by a company behind the scenes? It would be better if employees might notice. “Warning signs” of Quiet Cutting in unusual ways and indirectly leading to pressure to resign With advice from experts like Roberta Matuson, executive coach and business consultant. (worked with General Motors and Microsoft) and Naomi Sutherland, global leader in talent development, as follows: 1. A new job position has been assigned. That is a job that is lower than your current wage level or skills. 2. The employee has been offered a new role. The boss knows that transferring you to that position Not a good choice for you. 3. The employee was transferred to a new position. They were placed in a department where there were rumors that they would be laid off in the near future. Employees who were suspicious or worried regarding being reassigned. You should honestly ask your manager why this is happening. And how will this new assignment affect your career path? To check the answer and see the manager’s attitude whether there is anything else hidden or not. It may make it easier for you to decide whether to stay or go. ———————————— Reference: The Wall Street Journal
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