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Recession Blues
They 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.
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I really do not get why consultants earn so much. Or how you can be a consultant when you are fresh out of college and therefore don't necessarily have any experience of actually doing anything. (Or why anyone would want to... maybe it's the money?)
When I was in my last year at college, I went to the careers centre to try to work out what I wanted to do next, only to find that careers outside the "ABCs" - accountancy, banking, consultancy - were considered to be a wacky and "alternative" choice. Now that was shocking.