Before You Get Laid Off, Watch This…

Get a heads up before you're laid off....

WHAT BROUGHT ME TO YOUTUBE: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.

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The BE AN ADULT SECTION 🤗
All content on the Codie Sanchez YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

[MorningStarStudioTX]

Crazy how I’m watching this right after a massive layoff at my work…

[salvadormarin]

If you read the WARN act it applies to mass layoffs. So companies, in order to avoid this perform layoffs in waves. This keeps them under the legal limit and therefore they won’t have to notify.

[jtdailey]

My company was able to get around this WARN notice by providing “garden leave”. The laid off people are paid to stay home for 6 weeks I think it was. If they got a new job during that leave period they were supposed to tell the company which would end their garden leave.

[davem]

It’s a flawed program. Lots of loopholes for companies not to comply

[bryanbaldwin]

My company seems to have gotten around this by putting the 60 days on the back end. They did layoffs abruptly one day but it was not on the WARN notices. From what I gathered from others, they continued paying regular salary and benefits for everyone for 60 days post layoff and started their severance with no benefits after that.

[xrmitch]

As others have pointed out: companies get very creative getting around this. One company laid us off - but paid us for the next 60 days - on top of severance. We were told to tell unemployment our last day was the day of the layoff - not 60 days later. Everyone was confused. Unemployment was confused too.

There’s also “stealth layoffs”. One day a team disappears. A week later, maybe it’s your team.

[jasmineamaral]

Wow, this is the best info. Yet
Big Mahalo from Hawaii 😊🎉

[golfinglibrarian]

My phone notification just said, "Before you get laid..."

[ofanning]

I think this information should be shared with the employees as soon as it’s filed.

[Adrian-yifl]

If management starts telling you everything's fine even though you didn't ask, you're getting laid off.

[laurasharp]

No most companies I have been at layoff in smaller waves where they dont have to file a warn

[rachael]

Damn wish I had known this early July. Lay offs at my work. I was kept thank goodness but I should still check it. You never know if more are coming

[l.m.m.tucker]

Deloitte constantly has large layoffs but didn’t see their name on any of the lists for previous years.

[raheelakhtar]

If it’s a big company and files a WARN notice, it is getting picked up by all major news orgs

[milesofsmilespdx]

I always learn something or get inspired when I hear your clips

[IcemanZ]

Some states have an email list that you can sign up for so the info comes to you.

[markgoho]

Unless it's a restructuring and not a layoff

[Goodpatron]

Damn... this is really good information.

[whythis]

I looked into current and last few years Warn reports. There is no mention of big banks, tech layoffs listed there. But there were thousands of lay offs in each company😂

[JimyRoze]

I'm actually scared of getting let go outright. My boss said they want a certain quota of work done and it seems to be a bitnbeyond my ability. I can't tell if it's reasonable or unreasonable, but I asked what the quotas would be (if any) during the initial interview and they said there wasn't one because each case was unique. Now 3 months later their giving me a quota. I could use the internet opinion on this. Not saying I'll do what the internet says but I feel like I was lied to.