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At last count seven of my friends have been laid off in the past month. One friend was going through the exercise of who he was going to lay off and when he turned in his work his boss told him that now he starts to work on who he will lay off - so he may be out of job at this point too. One friend after 23 years at the same job. All in their early 50's or late 40's.
Meanwhile every company that laid them off is wildly profitable just not growing to shareholders expectations.
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Top of Page Bottom of Page PermalinkFull Name: fishcane
I retired from my full time
I retired from my full time career a couple years ago, at 50. Best move I ever made, debt free out of the rat race. I now do part time case management work from home, just a few days a week. The notion of spending my greatest years with my kids working sickened me. Pulling my kids out of school and starting a homeschool program is next years gig, getting ready for life at sea. The life our parents prepared us for is for the birds and total money trap anyway. The Jones's lose and don't even know it
Top of Page Bottom of Page PermalinkFull Name: An organ grinder’s tune
the Fed wants unemployment up
the Fed wants unemployment up.
Top of Page Bottom of Page PermalinkFull Name: El Nino
Companies lay off at the top
Companies lay off at the top of the pay scale, and then grind the people left behind. No we can't possibly give you a raise or a vacation you should be happy you have a job. Then slowly replace the people they laid off at the bottom of the pay scale.
I've been on all sides of it. The last time I made my list of who to lay off (my European team members were exempt because they were protected by laws which meant more Americans got cut). Then a few months later I got laid off, then a few months after me the boss that laid me off got laid off. All because the private equity firm that bought us leveraged the shit out us buying one company after another and bolting it on. But with all that debt comes debt convenances with the banks. If you don't hit your profit goals you either cut costs or your interest goes up.
Very happy I transitioned to working for state government where I get lectured about not working past 5:00. Just put in for my two week vacation. The only way I got two weeks off before was to quit or get laid off.