Laid-off employees in the US typically pack up and leave immediately. Europe gives workers a few weeks to finish up projects.
laid off employees at a morning meeting around 8 a.m on July 8. The staff had until 11 a.m. to leave the office, after which their badges would no longer work.
The bank announced on July 7 that it would lay off 18,000 employees in offices worldwide as part of a massive restructuring effort. US companies typically give laid-off employees just hours to pack up. For example, workers at Tesla — which laid off 7% of its employees in 2019 —The startup founder's guide to letting people go efficiently and compassionately
Yet in Germany, where the bank is headquartered, laid-off employees likely had different mornings. Layoffs in Europe differ from those in the US, partly due to the worker-centric policies in the EU, as well as cultural differences. "In the US, when we fire somebody you call them into your HR or manager's office, the manager says it's time to go, and they pack their backs and leave," Erin Meyer, a professor at global business school INSEAD who has studied how cultural differences impact businesses, told Business Insider."That is not at all how people are fired in Germany or in Europe."Germany typically lets laid-off employees stick around for weeks following a firing.
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