Layoff's

Old Pirate

Old Pirate

AMG Classic Car Detailing
Today was layoff's at work and my wife's too:pray:. So far we are safe. Our companies lay off thousands today and wanted these folks off their property by Friday. What a shame to do this 1 week before Christmas. Looks like a lot more of this is going on this week and next around the country.......
 
Tough situation.

I can see both sides of little or no warning it's coming though.

During the last economic bump I was doing some consulting work for a fortune 500 co.
I watched them hold a meeting with 500+ executives in their auditorium. They informed them that as of that moment they were terminated/layed off. Tht each would be escorted to their office with a guard to get their personal property and then escorted off property. I was amazed at how callous it was, and said something to the people I was working with. They told me the logic behind it was that at this point in time any one of them could do some sort of damage to the company so it was better this way.
The damage could be either physical damage or to any of the projects they had access to.
 
Ronkh said:
Tough situation.

I can see both sides of little or no warning it's coming though.

During the last economic bump I was doing some consulting work for a fortune 500 co.
I watched them hold a meeting with 500+ executives in their auditorium. They informed them that as of that moment they were terminated/layed off. Tht each would be escorted to their office with a guard to get their personal property and then escorted off property. I was amazed at how callous it was, and said something to the people I was working with. They told me the logic behind it was that at this point in time any one of them could do some sort of damage to the company so it was better this way.
The damage could be either physical damage or to any of the projects they had access to.
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yes i 've heard about this before ... in fact some companies hire other firms to fire their employees ..talk about no balls :kick:
 
zoomzoom mazda5 said:
Today was layoff's at work and my wife's too:pray:. So far we are safe. Our companies lay off thousands today and wanted these folks off their property by Friday. What a shame to do this 1 week before Christmas. Looks like a lot more of this is going on this week and next around the country.......
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Good luck Angelo ... hope it's not you or your wife :pray:
 
Well, mine wasn't done this week but 3 weeks ago. 34 yrs with the company and next thing you know they don't need you anymore. It wasn't a layoff but what they call a "reduction in force" meaning that they don't want and will not hire you back!!

Too young to retire (only 52) so I guess I will have to start looking elsewhere after the holidays.

O well, just another day in paradise!!!


bill g
 
grisby said:
Well, mine wasn't done this week but 3 weeks ago. 34 yrs with the company and next thing you know they don't need you anymore. It wasn't a layoff but what they call a "reduction in force" meaning that they don't want and will not hire you back!!

Too young to retire (only 52) so I guess I will have to start looking elsewhere after the holidays.

O well, just another day in paradise!!!


bill g
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Bill

That bites big time...I saw the same thing happen with Agilent here locally some years back...only thing that helped these people they gave them severance packages
 
Yep, they gave us a severance which equated to about 5 months pay. Can't complain about that(except they will take taxes off and it will really hit me come income tax time) because a lot of folks around here are only getting 2 to 4 weeks pay at some companies here in the area.

So I am better off than some, but I know my age is gonna be a problem when I start looking after the holidays. But I figure I will stay positive and do and get what I can to keep me till I hit 60 then all will be well - just have to watch my spending in the meantime, it will be an adjustment that I will have to get used to.

bill g
 
Unfortunately many places are closing their books at the end year, so they do "lay off's" during the end of the year or near the end of a quarter. It's something to do with the financials.
As for escorting people off that is a common practice as well. The hirer up on the food chain the more damage you can do ... pricing, customer base, current projects.

All those things can do severe damage to the company that let them go.
They do that to protect themselves.
 
For the automakers and others, it make sense. It seems better just cutting staff to trim expenses. It is better to be off a few weeks than off permanently.
 
I'm afraid the oilfields next. Not too too worried since I work on a 2 week on 2 week off rotation. A few months ago I started really advertising and selling my aircraft detailing service a lil more and its starting to paying off a little. God forbid we get the word about getting canned I can fall back on that.I had a feeling this might happen when the banking industry went to crap there would be others to go to. I feel reelly bad for the people getting layed off.
 
grisby said:
Yep, they gave us a severance which equated to about 5 months pay. Can't complain about that(except they will take taxes off and it will really hit me come income tax time) because a lot of folks around here are only getting 2 to 4 weeks pay at some companies here in the area.

So I am better off than some, but I know my age is gonna be a problem when I start looking after the holidays. But I figure I will stay positive and do and get what I can to keep me till I hit 60 then all will be well - just have to watch my spending in the meantime, it will be an adjustment that I will have to get used to.

bill g
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Hey my friend, to keep a long story short, I was "let go" after a 22 year stint with United Airlines. 47 years old, no formal education and no marketable job skills. Now at 52 I am making half of my yearly wages in a single month. I sell real estate. Check out this link, Who Moved My Cheese? - Wikipedia, the free encyclopedia
The only advise I can give you besides that is to keep your head held high, keep a positive attitude and do not wallow in your own self pity as I did for about a year. Best of luck to you and yours and I am sure you will work this out, God Bless!
 
dave40co said:
Hey my friend, to keep a long story short, I was "let go" after a 22 year stint with United Airlines. 47 years old, no formal education and no marketable job skills. Now at 52 I am making half of my yearly wages in a single month. I sell real estate. Check out this link, Who Moved My Cheese? - Wikipedia, the free encyclopedia
The only advise I can give you besides that is to keep your head held high, keep a positive attitude and do not wallow in your own self pity as I did for about a year. Best of luck to you and yours and I am sure you will work this out, God Bless!
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Thanks for the advise, that is about what I am doing. I was kindo p'o'd at first but come to realize there are worst off and hopefully I can keep up with a good attitude and such.
Same situation here, no college, just High School as for job skills they were all honed for what I was doing in my company (communications-but old technology) so its not to marketable these days as it has changed drastically in the past few. I will have to check out that link.

thanks again
bill g
 
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