:angry:
Just plain disturbing...
Sucks to hear, but companies are getting LAUDED for this route. Cutting 401(k) contributions, no bonuses, pay cuts, etc. Stuff they have to do to stay solvent, I guess. Look at FedEx.....they sort of started this trend. Sure beats a big ol' pink slip.
It'll bounce back.....it sucks for now, but they usually reward folks for sticking with them through the hard times.
Not as disturbing as a pink slip.~
~The institution that I work for has apparently decided to pursue an ambitious course of expansion on several different fronts. They've succeeded mightily in spreading themselves too thin. Recently, they lost a contract to provide support services to the military, and as a result will be laying off dozens of contract workers. Good job, guys. :wacko: IMO they were never equipped to pursue or make good on that contact to begin with, and should have left it alone.
And the question is..... they cut your pay by 3%... did they cut theirs too????:fie:
Yep. Rooms renovated, cubicles put in, computers set up, employees hired, now all for nothing. That was an impressive use of a small hill of taxpayer money. I'd like to know how much...probably at least $200k on the low end.Sorry, I did not get back to you sooner, My bad... Yup, I understand "Pinks" I got one of them almost a year ago. The competition for what positions that are out there is really unbelievable. Where the requirments for a position was a BS/BA degree is now a Masters or better.
A rule of thumb going forward might be that unless you're super competitive in your field, have a backup career in case you need to bug out. A real estate license, welding certification, or just a side business that you can expand if things get difficult at your normal job.
Sometimes, I'd like to be a fly on the wall to understand the thinking on situations like that.... If you ask now, What were you thinking, the reply will be "Sounded good at the time!" Just plain Disturbing....
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