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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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In January we were all told our departmental budget was being cut, and it was implied that at least one job would go in our department - the trainee's. Which isn't such a big deal since they're only ever here for a year - it would just mean they couldn't recruit a new one. But there are only four people in the department, and if I was doing even one-quarter of the trainee's job on top of my own... life would be untenable.
We didn't get any more news about this until last week, when we were told that the university had "had a rummage down the back of the sofa" for loose change, and filled the hole in the budget for now. "It's a very big sofa".
Hmmmmm...
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