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03-07-2023 07:25 AM
Employment laws are “at-will” in all U.S. states except Montana. This means an employer can fire you or lay you off for any reason or no reason.
The U.S. is one of very few of countries where employment is predominantly at-will.
Most countries throughout the world allow employers to dismiss employees only for cause.
Like it or not, this is the law state legislatures and governors adopted. Stop complaining or do something about it.
03-07-2023 07:38 AM - edited 03-07-2023 07:59 AM
I have absolutely no issue with the practice whatsoever. No complaining from me, only mild surprise as to the specific selections.
A failing, struggling company has no choice but expense reduction when revenue does not grow organically.
That said, I see another large headcount reduction in Qurate's future, as enormous debt payments come due over the next 2 years.
My views and opinions. Good luck to Qurate's current employees.
03-07-2023 08:13 AM
Qurate could always file for Chapter 11 bankruptcy to reorganize and restructure. A lot of companies do (like one I used to work for).
03-07-2023 08:19 AM - edited 03-07-2023 09:28 AM
Yes, and reduce headcount enormously up to and through the process.
Filing bankruptcy does not equate to "no workforce reduction." It's often an integral part of the reorganization.
Cash is King when preparing for a Chapter 11.
03-07-2023 11:25 AM - edited 03-07-2023 06:11 PM
@CalminHeart, You are correct about the “Employment at Will” law.
On the flip side, it applies also to employees, at will.
This law states you can leave your employment at any time, and for any reason.
This law does not mean employers are allowed to practice discrimination due to age, race, country of national origin.
03-07-2023 12:20 PM - edited 03-07-2023 12:24 PM
@CalminHeart wrote:
Employment laws are “at-will” in all U.S. states except Montana. This means an employer can fire you or lay you off for any reason or no reason.
The U.S. is one of very few of countries where employment is predominantly at-will.
Most countries throughout the world allow employers to dismiss employees only for cause.
Like it or not, this is the law state legislatures and governors adopted. Stop complaining or do something about it.
@CalminHeart Of course an employer has to be very careful not to violate any civil rights laws in excerising "employment at will". He would be subject to complaints if he, for instance, laid off everyone over age 55 or just people of one race. It can be a slippery slope.
03-07-2023 01:08 PM
@Venezia wrote:Qurate could always file for Chapter 11 bankruptcy to reorganize and restructure. A lot of companies do (like one I used to work for).
@Venezia Not sure you understand what bankruptcy is.
All I know is that QVC revenue is going down. Bankruptcy is for those that can't pay their debts. I have not read anywhere that they are failing to meet their obligations, so no reason to file unless that is going on.
If they can't meet their obligations, and they file to stop collections or are forced into Chapter 11 by a creditor, the debtor loses control because everything has to be approved by the court. It is a costly proposition, because they need a lawyer to present everything they want to do to the court AND the the debtors actually pays for lawyers for all the parties.
And the first thing they will have to do is cut costs.
So what's the point?
03-07-2023 01:10 PM - edited 03-07-2023 01:11 PM
The at-will employment law does not stop people from filing wrongful termination lawsuits. I worked at an office that was constantly getting faxes from lawyers' offices requesting information for terminated employees who were bringing wrongful termination lawsuits against the company.
03-07-2023 01:14 PM
The last place I worked at had someone that would tell everyone if they were let go at any time for any reason to file for unemployment and whatever else they thought they could get. Her reasoning was every piece of paper filled out cost the company money to respond to.
03-07-2023 01:22 PM
Qurate Future Debt Repayments:
$214 million due 3/15/2023
$600 million due 4/1/2024
$600 million due 4/1/2025
They could easily file within the next 2 years.
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