Layoffs, Salary Cuts, Salary Freeze

Update: Mystery Meeting at Winston & Strawn

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It’s time for a quick follow-up on yesterday’s “all associates” meeting at Winston & Strawn. Alas, it was a bit anticlimactic. “Just a way for the firm to ruin everyone’s weekend,” quipped a tipster.
According to our sources at the firm, this is what associates were told:

1. Compensation at Winston will remain competitive; no salary cut will be imposed at this time. (The firm froze salaries earlier this year.)

2. Layoffs were necessary, and they have been conducted, but hopefully they’re a thing in the past (although nothing is guaranteed on this score).

So, exactly how many people have been laid off by Winston?


SIKE!!! Did you really think Winston was going to provide actual data about its past layoffs?

3. “Out of respect for the individuals involved, we won’t publicly disclose either future layoffs or past layoff numbers.”

4. Communication with associates should and will be improved (although improved by how much remains open to question, given the firm’s stated intention of keeping associates in the dark about layoffs).

5. The future is uncertain, but the firm is well-prepared for it.

If you say so. Seems a bit conclusory. But whatever. [FN1]
A spokesperson for Winston & Strawn declined to comment.
If we’ve gotten anything wrong or omitted anything material from this report, please email us (subject line: “Winston and Strawn”). You can also call us if you prefer: 212-334-1871, either ext. 3 (Elie) or ext. 9 (Lat). Thanks.
[FN1] Sorry for that “whatever.” We realize that “whatever” was recently voted the most annoying word or phrase in conversational English. We just couldn’t help ourselves.
Earlier: Mystery Meeting at Winston & Strawn

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