Layoffs / Cut Hours - Page 2

01-15-2009, 07:48 PM

Quote:

Originally Posted by TripleF

Eliminate debt if you can.

Good advice but bad for the economy

Paying off debt doesn't put money back into the economy, it puts it back into the hands of lenders who tightened the money lending.

Double edged sword that helps but also hurts.

Chas

bvilchez · 01-15-2009, 08:18 AM

Well I'm with Jordan on this one....get your orders in as soon as the next round is available.

Keep your head up Chas....good things come to those who wait

01-15-2009, 08:20 PM

But people and companies reducing debt are unlikely to take on more.

Anyway also took a 20% pay trim today. But our division is safe from layoffs, for the time being. Other divisions are having staff reductions. It's scary out there...

krash · 01-16-2009, 06:59 PM

Found out today that I get to keep my job, I just have to go to night shift. I'm just happy to have a job. 950 others weren't so lucky.

doctorcue · 01-16-2009, 07:10 PM

Well, the layoff hit yesterday at my campus. 100 there (or what I've heard) & 300 elsewhere. Still roughly 600 worldwide left. One of the guys in my group got hit. Sucks... times are rough.

bvilchez · 01-17-2009, 12:52 AM

I don't know what the hell is going on with this economy. The only good thing about this is that history shows when there's a recession that when it picks up again it picks pretty heavy.

Luckily while there's stilll a wonderful glorious country like ours then I'll have a job.....can't say the same for my wife. She left on maternity leave and came back for one day and was let go. Times are tough but hold your heads up everyone.

jquirit · 01-17-2009, 01:19 AM

I will be finding out Tuesday on what will be my future with the company. Everybody knows there is a layoff coming, but we are unsure of the severity of it (we suspect it will be a facility closure which means everybody here in Hillsboro will get let go). Details such as dates, packages, and such we don't know. None of the management knows whats going on as it's the new management from the other company that bought us that's making the decisions.

So this weekend: drinking, smoking, and not thinking about work on Monday for now. Then, we'll see.

borndead1 · 01-17-2009, 10:50 AM

Called my boss the other night. He told me that my name is absolutely on the list of people they want to keep, but right now it's just a question of when there will be enough work to bring me back. Apparently our place is up for sale as well. I asked if any of the potential buyers were liquidation companies and he said no, they are all investment companies. So that's good I guess.

In the mean time, I'm sending out resumes. Just hope I can float by on unemployment until things change for the better.

Looks like I'll be smoking a lot of cheap NCs for the forseeable future!

01-15-2009, 08:18 AM	#2
bvilchez En búsqueda..... Join Date: Oct 2008 First Name: Bolivar aka Jay Location: Back in SoCal Posts: 3,202 Trading: (76)	Re: Layoffs / Cut Hours Well I'm with Jordan on this one....get your orders in as soon as the next round is available. Keep your head up Chas....good things come to those who wait

01-15-2009, 08:20 PM	#3
zonedar Guest Posts: n/a	Re: Layoffs / Cut Hours But people and companies reducing debt are unlikely to take on more. Anyway also took a 20% pay trim today. But our division is safe from layoffs, for the time being. Other divisions are having staff reductions. It's scary out there...

01-16-2009, 06:59 PM	#4
krash Just in from the Storm Join Date: Oct 2008 First Name: Bob Location: Central MN Posts: 40 Trading: (3)	Re: Layoffs / Cut Hours Found out today that I get to keep my job, I just have to go to night shift. I'm just happy to have a job. 950 others weren't so lucky.

01-16-2009, 07:10 PM	#5
doctorcue BABOTL - VP of Drinking Join Date: Oct 2008 First Name: Danny Location: Rancho Cordova, CA Posts: 331 Trading: (2)	Re: Layoffs / Cut Hours Well, the layoff hit yesterday at my campus. 100 there (or what I've heard) & 300 elsewhere. Still roughly 600 worldwide left. One of the guys in my group got hit. Sucks... times are rough. __________________ Raiders, A's, Warriors.

01-17-2009, 12:52 AM	#6
bvilchez En búsqueda..... Join Date: Oct 2008 First Name: Bolivar aka Jay Location: Back in SoCal Posts: 3,202 Trading: (76)	Re: Layoffs / Cut Hours I don't know what the hell is going on with this economy. The only good thing about this is that history shows when there's a recession that when it picks up again it picks pretty heavy. Luckily while there's stilll a wonderful glorious country like ours then I'll have a job.....can't say the same for my wife. She left on maternity leave and came back for one day and was let go. Times are tough but hold your heads up everyone.

01-17-2009, 01:19 AM	#7
jquirit Angry Asian Dwarf Join Date: Oct 2008 Location: State of Confusion Posts: 426 Trading: (3)	Re: Layoffs / Cut Hours I will be finding out Tuesday on what will be my future with the company. Everybody knows there is a layoff coming, but we are unsure of the severity of it (we suspect it will be a facility closure which means everybody here in Hillsboro will get let go). Details such as dates, packages, and such we don't know. None of the management knows whats going on as it's the new management from the other company that bought us that's making the decisions. So this weekend: drinking, smoking, and not thinking about work on Monday for now. Then, we'll see. __________________ S: 220/C: 209/G: 180

01-17-2009, 10:50 AM	#8
borndead1 Ayatollah of Rock n Rolla Join Date: Oct 2008 First Name: Mark Location: Lancaster, CA Posts: 1,376 Trading: (7)	Re: Layoffs / Cut Hours Called my boss the other night. He told me that my name is absolutely on the list of people they want to keep, but right now it's just a question of when there will be enough work to bring me back. Apparently our place is up for sale as well. I asked if any of the potential buyers were liquidation companies and he said no, they are all investment companies. So that's good I guess. In the mean time, I'm sending out resumes. Just hope I can float by on unemployment until things change for the better. Looks like I'll be smoking a lot of cheap NCs for the forseeable future!