OT - Bad day at work...

[RokJok]

With so much bank money flowing around, I don't understand why organizations lay off people when situation is not that critical anymore.

Bank money is still tight. Large (HUGE!!) amounts of government money is flowing around, but not really in directions and ways that will improve the life of, or encourage spending from, Joe Public, who recent history has shown is the real foundation of our economy.

Companies lay off workers when their customer base reduces or stops their consuming of the company's product or service. When the dollars stop coming in, the workers start going out. Normal business model.

As to "not that critical anymore", that depends on where you are and what you do. Some segments of the economy and country are doing okay and stand to improve over the long term. Others are constricted, dying, or already dead. With that said, dynamic economic environments such as we have now, present opportunities that would not exist within a more stable (i.e. rigid, maintain the status quo) type of economy.

However, that is small comfort for the individuals who suffer job loss and its attendant questioning of one's value and purpose to the corporate world and society in general. BTDT a few times and it sucks!

To those who have lost your job, the good news is that it does not last forever and the sting eventually goes away. Keep your sense of humor (dark humor counts too ), your head held high, and your wits about you to spot openings for yourself in the maelstrom.

"Tough times don't last. Tough people do."

 

[paua]

Thank you for your explanation.
Would you shed some light on what unique opportunities might be present at this less stable type of economy?

 

[mymindisamob]

I don't like to be the voice of negativity, but the economy seems to be the "New" excuse for all kinds of things. Downsizing is one that just pisses me off. In my recent experience it has been a reason given for not filling open positions and telling us to tighten our belts and work more efficiently while upper administration hires more secretaries and is buying furniture, new vehicles and giving themselves raises.:grumpy:

I am just happy to be employed, especially since my background is mainly in an industry that lays-off often. I wish you folks that are struggling the best, and you will remain in my prayers.

 

[OldPhysics]

I don't like to be the voice of negativity, but the economy seems to be the "New" excuse for all kinds of things. Downsizing is one that just pisses me off. In my recent experience it has been a reason given for not filling open positions and telling us to tighten our belts and work more efficiently while upper administration hires more secretaries and is buying furniture, new vehicles and giving themselves raises.:grumpy:

I am just happy to be employed, especially since my background is mainly in an industry that lays-off often. I wish you folks that are struggling the best, and you will remain in my prayers.

I guess I have to be the one to say this, having been a "senior" before I retired into my second career.

This is an excellent opportunity for corporations and large businesses to improve their bottom line by forcing worker productivity to improve. They're likely to ride that horse for some time before they actually have to re-invest in talent.

This will fatten many executive bank accounts with bonuses for some time to come. But it, too, will pass ... and good people will go back to work.

I cannot tell when, nor can I tell what the salaries will be like. But I know it is coming.

 

[RedbeAR15]

There are NO bad days - some are just better than others

Keep the faith Bro :thumbup: