This company sacked 2700 people at the stroke of midnight, over email
The company was debt-ridden, according to reports.
By ET Online | Updated:
Agencies
This American furniture company sacked their employees while they were sleeping.
The employees of this American furniture company got the rudest shock of their lives just before Thanksgiving.
At a time when people are in a mood for celebration and looking forward to catching up with their family and friends, the staff of United Furniture Industries woke up to some devastating news - they were being let go.
According to The Guardian, the drivers who were out on the road to deliver furniture were told to return home. Many were asleep since it was just before midnight on Monday when they got the ‘regret letter’ informing them of their lay-off.
According to the New York Post, the company was debt-ridden and on the brink of bankruptcy. The management reacted to the financial turmoil by laying off its workforce, comprising nearly 2700 employees. “At the instruction of the board of directors … we regret to inform you that due to unforeseen business circumstances, the company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately,” said the regret letter.
The employees as expected did not take well to being sacked unceremoniously.
Many are worried about their bills and health. Several senior employees are heartbroken that their unconditional loyalty and impeccable performances amounted to nothing. “It's not fair to the laborers who seriously worked so hard to be blindsided like this,” one employee told the news website FreightWaves. “It is not fair to the mom who just had a baby to wonder if she even has health insurance to cover it. It is not fair to the cancer patient in the midst of chemo about how to pay for her treatments,” said another worker.
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An employee has filed a lawsuit against the company for not providing 60 days' notice.
Large-scale layoffs have been a worrying trend in 2022. Many tech firms downsized their workforce to cut costs. Under the aegis of Elon Musk, Twitter sacked 50 per cent of its 7500-strong staff. Facebook parent organisation Meta also announced a layoff of over 11,000 employees. Earlier this year, the CEO of Better.com fired over 900 employees through a virtual conference.
Overall, 2022 has not been kind to employees. Let us hope 2023 turns out better for the workforce.
From Marc Faber To John Schnatter, Top Bosses Who Were Sacked For Being Racially Offensive
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Recently, several top executives in global companies have had to face the music for being racially offensive.
Here are some who had to pay for their words or actions with their jobs.
(Text: Rashmi Menon)
Recently, several top executives in global companies have had to face the music for being racially offensive.
Here are some who had to pay for their words or actions with their jobs.
(Text: Rashmi ..
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The US pizza tycoon and founder of Papa John’s Pizza, was forced to step down from the company he founded, after he hurled racially offensive slurs and spoke insensitively about violence against minorities while on a conference call with a media agency. While he later apologised for his actions, investors weren’t happy with the bad publicity and asked him to step down. However, just days after he left, Schnatter told a news publication that he had made a “mistake” by stepping down and criticised the board for not doing “proper due diligence”.
(Image: Reuters)
The US pizza tycoon and founder of Papa John’s Pizza, was forced to step down from the company he founded, after he hurled racially offensive slurs and spoke insensitively about violence against min..
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A communication officer is usually adept at handling crisis and negative publicity instead of becoming the cause for it. Netflix’s chief communications officer, however, found himself in such a predicament. Friendland, who joined the company in 2011, was pulled up and fired for using racially offensive language during a meeting with colleagues. In an apology before leaving, Friedland said, “Leaders have to be beyond reproach in the example we set, and unfortunately, I fell short of that standard when I was insensitive in speaking to my team about words that offend in comedy.”
(Image: AP)
A communication officer is usually adept at handling crisis and negative publicity instead of becoming the cause for it. Netflix’s chief communications officer, however, found himself in such a pred..
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At the height of Paris Couture Week, Russian designer Ulyana Sergeenko and entrepreneur Miroslava Duma found themselves in a PR crisis. Sergeenko came under fire for sending a bouquet of flowers to Duma with the handwritten note, “To my n****s in Paris.” Duma shared the note on Instagram adding a heart emoji to show affection for the designer. To make matters worse, that same evening, a 2012 video of Duma started doing the rounds, in which she is seen making homophobic comments about a blogger and transgender model. Duma has since been removed from her position as a board member at The Tot, a baby fashion label.
At the height of Paris Couture Week, Russian designer Ulyana Sergeenko and entrepreneur Miroslava Duma found themselves in a PR crisis. Sergeenko came under fire for sending a bouquet of flowers to ..
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In the October issue of his newsletter last year, the Swiss investor, who resides in Thailand, was widely criticised for writing, “Thank God white people populated America, and not blacks. Otherwise, the US would look like Zimbabwe…” The comment cost him a seat on the board of three companies. Three other companies too booted him out, while international TV channels, who would give him air time for his expert opinion, distanced themselves.
In the October issue of his newsletter last year, the Swiss investor, who resides in Thailand, was widely criticised for writing, “Thank God white people populated America, and not blacks. Otherwise..
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The chief people officer of the global ride-hailing app was asked to leave over how she dealt with racial discrimination complaints within the company. Hornsey stepped down after Reuters contacted Uber for a comment on why no investigation had been carried out regarding accusations against Hornsey. Ironically, Hornsey was the company’s spokesperson on diversity and discrimination. The complainants also stated that Hornsey made derogatory comments and racially tinted language against Bernard Coleman III, the global head of diversity and inclusion and former chief brand officer, Bozoma Saint John.
The chief people officer of the global ride-hailing app was asked to leave over how she dealt with racial discrimination complaints within the company. Hornsey stepped down after Reuters contacted U..