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Recession Blues
May. 7th, 2008 11:51 pmThey laid a couple of people off in my department yesterday. Apparently more to come, although they had a meeting with a bunch of us and told us we were ok. It's supposed to be something like 15% of my global department. And apparently 15% of many departments, all over the firm.
Why, when supposedly we had our best-ever year last year, why do they need to do this shit? The last time they started to belt-tighten they were entertaining offers from outside buyers. They rejected the offers, so we went back to business as usual. I asked if we were in that kind of situation, but of course that was an off-script question so my boss had no answer.
I feel terrible for the two people they've already laid off that I know about. Waiting to hear who is next (the boss has only met with half my local department). I told an underboss that I would volunteer to be laid off. She laughed and said "wouldn't we all!" — but something tells me that a severance package and the opportunity to collect unemployment is not everyone's dream.
Why, when supposedly we had our best-ever year last year, why do they need to do this shit? The last time they started to belt-tighten they were entertaining offers from outside buyers. They rejected the offers, so we went back to business as usual. I asked if we were in that kind of situation, but of course that was an off-script question so my boss had no answer.
I feel terrible for the two people they've already laid off that I know about. Waiting to hear who is next (the boss has only met with half my local department). I told an underboss that I would volunteer to be laid off. She laughed and said "wouldn't we all!" — but something tells me that a severance package and the opportunity to collect unemployment is not everyone's dream.
