Trade-ins happen all the time. Texas lawyers trade in their Lexuses (Lexi?) for newer models. Law firm partners trade in their wives for newer models too.
Today’s Biglaw layoff story involves a trade-in of sorts. A prominent law firm restructured its IT department, resulting in double-digit departures. But then the firm turned around and posted some of those positions to a job board.
How many positions, and which law firm?
Here’s what we recently heard about Sidley Austin:
They just did a massive ‘restructure’ (i.e., layoff) of a bunch of their IT team. About 10 managers and directors were cut due to ‘restructuring,’ and, interestingly, at least two of those jobs have been reposted on the ILTA job site, verbatim. I guess they were just looking to shave some of the cost structure.
Here are the ILTA job postings, by the way:
We reached out to Sidley, but the firm declined to comment. So we don’t know whether this was just a matter of cost cutting or whether the firm wanted to replace some of the laid-off employees for performance reasons (which we’ve recently seen at least one other firm do with its IT staff).
If it was just a matter of reducing costs, should the terminated employees have been offered the chance to keep their jobs at lower pay? Or is that just too awkward a conversation to have?
Nobody likes an awkward conversation. But unemployment isn’t much fun either.