Pink Slip Parties - A New Human Resource Buzzword

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Case Details:

Case Code : HROB026
Case Length : 09 Pages
Period : 1987 - 2002
Pub Date : 2003
Teaching Note :Not Available
Organization : Varied
Industry : Varied
Countries : USA

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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"When you come to an event like this, you realize you are not alone, and that helps."

- An Enthusiastic Attendee of Pink Slip Parties, in March 2000.

A Party with a Difference

It was a late Wednesday evening in April, 2002. Hundreds of people crowded before the 'Hush' restaurant in New York. Their cars jammed the entire street and spilled over onto the adjacent lanes as well. These people had gathered for a party that was scheduled to begin at 7.00 pm. At seven sharp, the people were allowed into the restaurant and the party began. Like all other parties, this one had food, music and drinks. However, there was something unusual about this party. All the attendees wore glow-in-the-dark bands on their wrists in red, green and yellow colors. And despite the fact that many people seemed to be relaxing, tapping their feet to the music (and a few dancing), there was a strong undercurrent of gloom.

Though there were many who were making new acquaintances and forming new friendships, many others were found sitting in the hall's dark corners looking gloomy and sipping drinks. After around only two hours, the party came to an end.

For the uninitiated, a party that wound up so early, and at which no particular announcements were made, would perhaps seem rather strange. However, for many people (especially those in the information technology sector) who had lost their jobs in the wake of the slowdown in global economy, such parties were a blessing in disguise.

Popularly known as 'pink slip parties,' these parties were becoming popular in many parts of the world during the 21st century. Personnel from the human resources (HR) departments of many companies, especially those in the information technology (IT) sector, were amongst the most frequent visitors to such parties.

By late-2002, the concept of pink slip parties had become an integral part of HR. It was increasingly being seen as a 'new age' recruitment avenue that not only helped companies get qualified employees easily, but also helped thousands of laidoff employees revive their careers and lives...

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