Jets offering buyouts to employees

[Captain Hindsight]

1 minute ago, Augie said:

 

 

 

Just this morning my wife learned that she was getting a package

Yeah she did!

 

Heyoooooo

[Albany,n.y.]

Woody's kids just took the buyout claiming they've been part of the team since birth.  

[DrDawkinstein]

49 minutes ago, Augie said:

I wonder if any of the Jets employees who did NOT get a package are upset?  I’d be curious to know how the decision was made as to whether a buyout was offered or not. 

 

It sounds like the same McKinsey program my company and a bunch of others have recently employed.

 

The way it works is they let the employee know they are "eligible" to take part in the Enhanced Separation Program and what their severance would be. Then it's up to the employee to decide whether to apply for the package or not by a certain date.

 

Just because you are eligible and apply does NOT mean you will get it/be let go. I had a number of team mates who applied for our enhanced package and ended up being denied. If I had applied for it, I would have been denied the package and retained.

 

Its a bit of a mind-f#$% because employees come to grips with leaving the job, start planning for all this cash, and then are told "just kidding! you get to stay and work here!"

 

At the same time all the folks they really want to push out get "whispered" and "hinted" that they should really apply for the package. And to no one's surprise, they get it.

 

Some folks get "hinted" but still dont apply (because they are in denial, or just dumb). They miss out on the Enhanced package, and then get let go without the big payout.

 

In my experience, the employees who were always safe and never eligible to even apply are not usually upset for missing out. They're just glad they didnt have to deal with all that stress and uncertainty.

 

 

Edited Monday at 08:20 PM by DrDawkinstein

[Augie]

1 hour ago, Captain Hindsight said:

Yeah she did!

 

Heyoooooo

 

No, I’m afraid I’ve never delivered a package that got that kind of response.   😢 

[JohnNord]

3 hours ago, Another Fan said:

I’m usually not one to comment on other teams here but this seems a very Jets thing to do.

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/jets-offered-buyouts-to-roughly-170-of-250-employees

 

Turning chicken**** to chicken salad in the article.

 

I usually get good annual performances where I work but if I got some kind of package I would definitely consider it and at the moment lean towards yes

 

I don’t understand the point of offering buyouts when they can just fire people.  I know the Buffalo News offered buyouts to their longest tenured who were highly paid.  But I believe they were members of a union so they had some protections.   
 

It seems that a transition to a new coach/GM would welcome an opportunity to review the organization and assess who they feel are not competent 

[TBBills Fan]

1 hour ago, Captain Hindsight said:

Yeah she did!

 

Heyoooooo

You as well. Damn

[JohnNord]

58 minutes ago, DrDawkinstein said:

 

It sounds like the same McKinsey program my company and a bunch of others have recently employed.

 

The way it works is they let the employee know they are "eligible" to take part in the Enhanced Separation Program and what their severance would be. Then it's up to the employee to decide whether to apply for the package or not by a certain date.

 

Just because you are eligible and apply does NOT mean you will get it/be let go. I had a number of team mates who applied for our enhanced package and ended up being denied. If I had applied for it, I would have been denied the package and retained.

 

Its a bit of a mind-f#$% because employees come to grips with leaving the job, start planning for all this cash, and then are told "just kidding! you get to stay and work here!"

 

At the same time all the folks they really want to push out get "whispered" and "hinted" that they should really apply for the package. And to no one's surprise, they get it.

 

Some folks get "hinted" but still dont apply (because they are in denial, or just dumb). They miss out on the Enhanced package, and then get let go without the big payout.

 

In my experience, the employees who were always safe and never eligible to even apply are not usually upset for missing out. They're just glad they didnt have to deal with all that stress and uncertainty.

 

 

If the company is just going to decide who gets let go and who gets bought out, why not just fire the people they don’t think are very good or overpaid?  

[ColoradoBills]

1 hour ago, Albany,n.y. said:

Woody's kids just took the buyout claiming they've been part of the team since birth.  

 

I worked for a company for 30+ years and then Johnson & Johnson bought us out.

I took the buyout (70-weeks' pay and benefits) and retired at 58.  I had to laugh about the kids!

[Another Fan]

You know what?

 

I wouldn’t even put it past that organization this is some kind of early April fools joke 

[Buffalo716]

16 minutes ago, JohnNord said:

I don’t understand the point of offering buyouts when they can just fire people.  I know the Buffalo News offered buyouts to their longest tenured who were highly paid.  But I believe they were members of a union so they had some protections.   
 

It seems that a transition to a new coach/GM would welcome an opportunity to review the organization and assess who they feel are not competent 

My mother was at the news for 30+ years and was bought out 

 

She was also one of the Union leaders 

[somnus00]

2 hours ago, MJS said:

Jim Overdorf turned out to be a quality keep, though. He used to come under fire in the old days.

He took the arrows for Ralph's cheapness. Guy was just doing what was asked of him. 

[WeckMonster]

1 hour ago, DrDawkinstein said:

 

It sounds like the same McKinsey program my company and a bunch of others have recently employed.

 

The way it works is they let the employee know they are "eligible" to take part in the Enhanced Separation Program and what their severance would be. Then it's up to the employee to decide whether to apply for the package or not by a certain date.

 

Just because you are eligible and apply does NOT mean you will get it/be let go. I had a number of team mates who applied for our enhanced package and ended up being denied. If I had applied for it, I would have been denied the package and retained.

 

Its a bit of a mind-f#$% because employees come to grips with leaving the job, start planning for all this cash, and then are told "just kidding! you get to stay and work here!"

 

At the same time all the folks they really want to push out get "whispered" and "hinted" that they should really apply for the package. And to no one's surprise, they get it.

 

Some folks get "hinted" but still dont apply (because they are in denial, or just dumb). They miss out on the Enhanced package, and then get let go without the big payout.

 

In my experience, the employees who were always safe and never eligible to even apply are not usually upset for missing out. They're just glad they didnt have to deal with all that stress and uncertainty.

 

 

Yep. Have been through many of these and they often lead to reducing talent in organizations. As a generalization…

 

High performers who feel good about their prospects outside often take the severance and find a new job quickly. Then often return with a promotion once their required time away passes.

 

Low performers who don’t feel great about their prospects outside do not take the severance.

[DrDawkinstein]

29 minutes ago, JohnNord said:

If the company is just going to decide who gets let go and who gets bought out, why not just fire the people they don’t think are very good or overpaid?  

 

Saving face and protecting against lawsuits.

 

Most of the folks actually targeted in these programs are long-time, high-ranking executives. VPs, SVPs, etc. It's a bad look for both sides if a company fires 25% of their VPs. Leads to questioning what is wrong with those execs and how bad of shape the company is in.

 

By applying for the package, part of the deal you sign waives any and all ability to sue for wrongful termination, and it also prevents you from getting unemployment. It essentially turns into a resignation and is better for the company than firing.

 

These programs do not typically apply to entry-level, front line workers. Folks in the call centers weren't eligible. I'm not sure they were ever even told about the program. Those folks are easily fireable.

[ColoradoBills]

3 minutes ago, DrDawkinstein said:

 

Saving face and protecting against lawsuits.

 

Most of the folks actually targeted in these programs are long-time, high-ranking executives. VPs, SVPs, etc. It's a bad look for both sides if a company fires 25% of their VPs. Leads to questioning what is wrong with those execs and how bad of shape the company is in.

 

By applying for the package, part of the deal you sign waives any and all ability to sue for wrongful termination, and it also prevents you from getting unemployment. It essentially turns into a resignation and is better for the company than firing.

 

These programs do not typically apply to entry-level, front line workers. Folks in the call centers weren't eligible. I'm not sure they were ever even told about the program. Those folks are easily fireable.

 

We were lucky and were eligible for unemployment compensation after the terms were up.

[Doc Brown]

42 minutes ago, JohnNord said:

I don’t understand the point of offering buyouts when they can just fire people.  I know the Buffalo News offered buyouts to their longest tenured who were highly paid.  But I believe they were members of a union so they had some protections.   
 

It seems that a transition to a new coach/GM would welcome an opportunity to review the organization and assess who they feel are not competent 

Agreed.  I don't get it either.  Public perception maybe?  Avoiding lawsuits maybe?  I don't think Woody Johnson is doing it under the kindness of his heart.    

[DrDawkinstein]

7 minutes ago, WeckMonster said:

Yep. Have been through many of these and they often lead to reducing talent in organizations. As a generalization…

 

High performers who feel good about their prospects outside often take the severance and find a new job quickly. Then often return with a promotion once their required time away passes.

 

Low performers who don’t feel great about their prospects outside do not take the severance.

 

You arent wrong.

 

However, with this program, all the high-performers who applied got denied. We can still leave on our own terms, but without the package. I originally applied for the buyout, but was then pulled aside and shown the new plan where both my boss and I ended up with promotions, so I pulled my application and stayed.

 

And frankly, with how horrible the job market is in the tech sector, and only getting worse, I need the stability as a dad to a young kid.

 

That said, back when all this started, it inspired me to start some new Cyber Security certs. Likely looking to leave at the end of this year, but at least on my own timing.

[Billy Claude]

Kind of strange.  You usually offer these mass buyouts to downsize but a quick Google claims the Bills have 750 employees while the Jets only have 250.  So it doesn't appear the Jets organization is bloated.

[Buffalo716]

4 minutes ago, Billy Claude said:

Kind of strange.  You usually offer these mass buyouts to downsize but a quick Google claims the Bills have 750 employees while the Jets only have 250.  So it doesn't appear the Jets organization is bloated.

Chicken**** to chicken salad lol

 

 

Edited Monday at 09:52 PM by Buffalo716

[JohnNord]

2 hours ago, Buffalo716 said:

My mother was at the news for 30+ years and was bought out 

 

She was also one of the Union leaders 

Right… for that reason the buyout makes logical sense for management.  I can’t figure out what the Jets are doing

[DrDawkinstein]

1 minute ago, JohnNord said:

Right… for that reason the buyout makes logical sense for management.  I can’t figure out what the Jets are doing

 

Neither can the Jets. It's absolutely futile for the rest of us. But, I'll happily watch them keep on Jettin' it up while they're in our division!