I am astonished that a profitable company whose stock returns are currently beating the market by double digits decided to lay off my friend at a time when they should be spending their extra resources on developing their in-house talent. Despite having sought out rotations to other actuarial teams that are expanding, they decide to lay her off.
You better pass exams, or else you're going nowhere. Oh, you got Fellowship? Congrats! Now take a hike.
I understand that when a company is facing hard times, they need to cut people to stay afloat. But this is not a struggling company, but one that is growing quickly. The executives were literally dancing down the hallways during Q2 when they reported a healthy combined ratio. Given this person's life situation (which I will not reveal here) I am disgusted that they would do this.
/rant
You better pass exams, or else you're going nowhere. Oh, you got Fellowship? Congrats! Now take a hike.
I understand that when a company is facing hard times, they need to cut people to stay afloat. But this is not a struggling company, but one that is growing quickly. The executives were literally dancing down the hallways during Q2 when they reported a healthy combined ratio. Given this person's life situation (which I will not reveal here) I am disgusted that they would do this.
/rant
Friend got laid off