Quote:
Originally Posted by Trixie2
The permanent lay offs enable the company to start fresh once they gear back up. They now are not obligated to bring all of the previous staff back - many with poor performance or other issues... Many staff will have been looking for work regardless and they will of course lose good employees who had to find work elsewhere.
My statement was more geared toward the ability of the company to now not be stuck bringing in back any dead weight, as they are not on furlough, but now
terminated and must reapply with the company not obligated to rehire...
That sounds pretty good in theory but isn’t even remotely close to the real world of corporate mass layoffs. Otherwise every large corporation would do that once a year, pandemic or not.
Even if unions weren’t involved at all, job performance of the average person let go probably wouldn’t be below job performance of average person still on the job. With unions involved, the layoff process is significantly tilted towards keeping people because of seniority and other non performance related reasons.
There is a good amount of articles on the topic, for example:
https://hbr.org/2018/05/layoffs-that...k-your-company
With conferences / business travel canceled through next summer at a lot of companies, there’s no alternative for MGM. But I highly doubt they’ll come back with a better skilled workforce.
Quote:
Originally Posted by the pleasure
so WSOP 2021, assuming it runs back to normal. still will be unsafe if the vaccine is barely a month or two old right?
Nobody knows what the world is going to look like next summer.
But in your theoretical case of a vaccine being unavailable before Spring, I have a hard time imagining them scheduling a “normal” WSOP for late May. Not that they couldn’t do it, but the financial risk would just be way too high.
A lot of people think that events through Fall/Winter are canceled because organizers aren’t allowed to hold them. In most cases that’s not true. They could have them but there’s just no business case with social distancing, all other regulations and most importantly: without people wanting to attend.
I recently talked to the race director of a Fall marathon that got canceled. He told me the city would have allowed for them to have it but sign-ups were at less than 20% of last years numbers. Holding a one loop marathon in an urban area costs $100-300k just for police.
The WSOP won’t risk holding an event where barely anyone would attend. So if there’s no vaccine before Spring or another way where things go back to at least somewhat normal before then, my best guess would be another postponement to late Summer or Fall.
Last edited by madlex; 09-06-2020 at 09:57 AM.