Survey: LoT Unemployment Rate

[Ghoulish Delight]

Originally Posted by scaeagles

Survived a lay off today. Even though my company was profitable last year they had a round. This was presented to us as being prudent, and while I suppose I can appreciate that, the 10 people or so in my local office and satillite offices that were let go must not be feeling too good right now (4 in my department).

Our company made profits of over $90 million in every quarter for the past 5 years or so, over $100 million in several. We have millions of dollars of cash in reserve. But because we're making slightly LESS than that in recent quarters, we've had a round of layoffs and have implemented some semi-drastic cost cutting measures to prevent more.

[Betty]

I'm afraid if I vote I'm employed that that will change so I'm going to abstain.

I've survived, so far, numerous rounds of layoffs. I'm told by coworkers that there's no way they would lay me off because of all the things I do, yet I can see ways to work around that. Not that I'm telling anyone. So sssshhhh!

[scaeagles]

Originally Posted by Ghoulish Delight

Our company made profits of over $90 million in every quarter for the past 5 years or so, over $100 million in several. We have millions of dollars of cash in reserve. But because we're making slightly LESS than that in recent quarters, we've had a round of layoffs and have implemented some semi-drastic cost cutting measures to prevent more.

I can appreciate and understand where the company you work for is coming from as well as where I work. I work for a pretty big corporation (when I left self employment I started working for a 90 person company which was acquired and the a mega merger took place) with 10 figures in cash reserves.

I suppose this should make me feel good that I still have a job and the company is being cautious....I just feel like crap right now. Survivor syndrome or somethng.