INDIANAPOLIS, Ind. — A second day of layoffs at multiple Angie’s List campuses has employees on edge, wondering if their job is next to go.
On Thursday, waves of employees were let go from the campus on Meridian Street. Many were seen carrying boxes to the car as they said goodbye to their co-workers, filled with emotion.
One anonymous employee said she wasn’t laid-off, but decided to quit instead after seeing employee after employee let go. At the end of the day, former employees estimate nearly 300 people will be laid off. They said they didn’t receive notice and that the severance pay is laughable.
Many were called into meetings, only to leave and find out they no longer have a job and their desks were already packed up.
“Originally, they told us none of their jobs would be affected. Three days later, now all of our jobs are affected and they started firing our managers. They just keep saying business as usual,” one woman said.
One employee said the company has already outsourced many jobs to Arizona and call center jobs to the Philippines. The employee said the company’s “shady behavior” is another reason many aren’t happy with the news of layoffs. Angie’s List would not confirm or deny the layoffs saying they found a way to save up to $20 million by targeting non-revenue generating headcount. Requests for comment about Thursdays layoffs were not returned.
Third quarter net losses reported earlier this week show Angie’s List took a $16.8 million hit. MarketWatch reports stocks went up 3.5% Tuesday after the company said publicly, they are putting Angie’s List up for sale. Many employees speculate that’s the reason for the sudden layoffs and say they believe an announcement will come soon.