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Shocks widout Warnings!!

I've been working with ICICI since 2008 everythg was fine I had mny promotions wid a promotion too in the last FY of my recent working tenure..n then all of a sudden before few days of COVID, our profile staff received a mail that they going to end the whole profile from the very next day...the question is now how our profile staff going to make it thru when our profile was ended in a day and bank wud not b doing much, rather then depending on the people already there in other departments higher profiles to adjust us into the system somewhr....n as we all was handling audit profile so sumtimes we had to be a bit strict for getting the staff asking them to follow the process..making them do additional stuff was always taken as a burden so but obvious due to which we r no one's fav either..tht never liked us much..hence the implications was no departments head wanted us to become a part of the teams that to from a operations profile in a bank full of sales targets in every department it was a big no no..finally after taking all the measures to save our jobs when nothing worked out .. one fine day i received a call from HR tht either u leave the job by your own or we have to fire you (it was sugary quoted but obvious) inconveniently i had to leave the job.. without a backup job..after 13 plus years of work ex..i feel cheated as after receiving the bestest rating and a promotion in the previous recent year of my tenure with all my hardwork n a travelling job, as a single parent, staying away from my four year kid at home leaving him wid my parents ..just bcoz the profile was finished i was all of sudden not of any use n 'no one' to the ICICI Bank..overall this is the culture of many companies asking the employees last minute to leave..the more I love n felt proud working for 'MY' ICICI Bank the more betrayed i felt when i had to leave it abruptly..thts y PPL say "Love your job, not the Company" . A learning I took back home pretty late

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JudasBrutus69

Twitter

2 years ago

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Finallypeaceful

ICICI Bank

2 years ago

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LittleBoots

American Express

2 years ago

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Finallypeaceful

ICICI Bank

2 years ago

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LittleBoots

American Express

2 years ago

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FoodPanda

Arcesium

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Finallypeaceful

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ShadyCandy2

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4 months ago

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Personal Finance on

by Finallypeaceful

ICICI Bank

Shocks widout Warnings!!

I've been working with ICICI since 2008 everythg was fine I had mny promotions wid a promotion too in the last FY of my recent working tenure..n then all of a sudden before few days of COVID, our profile staff received a mail that they going to end the whole profile from the very next day...the question is now how our profile staff going to make it thru when our profile was ended in a day and bank wud not b doing much, rather then depending on the people already there in other departments higher profiles to adjust us into the system somewhr....n as we all was handling audit profile so sumtimes we had to be a bit strict for getting the staff asking them to follow the process..making them do additional stuff was always taken as a burden so but obvious due to which we r no one's fav either..tht never liked us much..hence the implications was no departments head wanted us to become a part of the teams that to from a operations profile in a bank full of sales targets in every department it was a big no no..finally after taking all the measures to save our jobs when nothing worked out .. one fine day i received a call from HR tht either u leave the job by your own or we have to fire you (it was sugary quoted but obvious) inconveniently i had to leave the job.. without a backup job..after 13 plus years of work ex..i feel cheated as after receiving the bestest rating and a promotion in the previous recent year of my tenure with all my hardwork n a travelling job, as a single parent, staying away from my four year kid at home leaving him wid my parents ..just bcoz the profile was finished i was all of sudden not of any use n 'no one' to the ICICI Bank..overall this is the culture of many companies asking the employees last minute to leave..the more I love n felt proud working for 'MY' ICICI Bank the more betrayed i felt when i had to leave it abruptly..thts y PPL say "Love your job, not the Company" . A learning I took back home pretty late.

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Confessions on

by FreshRaita

Stealth

dirty tricks played by orgs to Lay Off employees

It's getting dirtier by the day and sure some orgs are still up to their dirty tricks. The models: - Appraise and then Lay Off: Why bother putting bandaid on a stab wound? Anyways the folks are going to fight how to answer the ..why were you laid off war, and now you are adding another twist.. why were you appraised and then laid off? - Low appraisals to force quit: Undervalue them so they leave on their own. It’s a leeches way to cut costs. Kill morale 100%. Severance penny spent $0. - Trap them in PIP: Dress it up however you want - very very few escape this death sentence. - Silent treatment: No assignments, No meetings. Watch them spiral into anxiety and leave to save their sanity. - Workload overload: Drown them in work until they break. No need for layoffs list until they make it to your collapse list first. - Strategic reorg: Re-organize them out of existence. Offer a demotion or a proxy role in a random team that you know they dont want as an alternative. - Sudden policy changes: oh! I have seen so many I can't keep up with this one. New policies that make their life hell. People leave to escape your pettiness. - Mandatory relocation: Demand they move to an undesirable location. Then you treat remote employees like outsiders. Exclude them from key projects, conversations until they feel like foster care kids, second-class citizens. You know the outcome from there on. - Use the "Culture Fit" excuse: Call out how they’re not a culture fit. Vague, unchallengeable, and forces them out without severance. And don't sell me "the org has got to do what it has got to do to survive" line. I don't buy that If you have seen this being done, I understand your silence, but I don't value it. If this has been done to you or someone close to you, I am sorry. Orgs and the people failed you. We could be 1000x better than what we are operating as.

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Software Engineers on

by meowww

Stealth

Startup let go Eng team on 1 day notice

It's gonna be long thread. I have been working as lead engineer in a early stage startup since last one year. Founder (20 years exp in Product Management) raised some money from friends & family to start it and but company was running negative from February and he put his money to pay employees salary for March & April and We were hoping for some investment in April but that didn't happen. During May & June, he was looking for funding more aggressively and even after having a good background in academics & top tech work experience in product management, no investor got convinced to invest in it. Our salary for March & April was delayed from actual payroll date by 7 days and 21 days respectively and We were expecting our May salary to be delayed by same period and our company was about to complete one year in first week of July so we had some one year benefits associated as well. But Boom, he invited everyone on call and tells that company will shutting it's operation from next day itself. And he will help us find our new jobs and he doesn't any clarity on pending salary. Although we knew, our company is not in good shape so salary cut or something might be happening soon but didn't expect this. Now, we have to find other jobs and also be unemployed while searching for job and also get exploited by other companies because we will be desperate to find jobs to pay our bills. I think, he did this just before 5-6 days of our one year anniversary just because he doesn't get legally bound to pay our one year benefits. I for sure, not gonna join any early stage in future who doesn't have enough funding. Just wanted to put this story out of my mind. Open for any suggestions you have for me Thank you