Home › Forums › Financial Markets/Economics › Where the Layoffs Are—Is Your Firm on the List?
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joec.
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September 12, 2013 at 2:30 AM #765403September 17, 2013 at 7:22 AM #765535
jimmyle
ParticipantMy company just laid off 13 people. 3 of them are forced retirement with 6-month pay b/c they are over 65. 8 of them are lazy, unmotivated and unproductive people. Only two of them I thought are good workers but I think management got it mostly right this time.
We had about 180 people at this plant and sales dropped about 15% the last three months.
September 17, 2013 at 9:38 AM #765537DataAgent
ParticipantWhat industry?
September 20, 2013 at 10:23 PM #765706ParticipantHigh performance plastics. 50% of our products are for the aerospace companies.
January 26, 2015 at 9:08 PM #782349SD Transplant
ParticipantIBM to cut 26% of its work force or approx.100,000 employees.
January 26, 2015 at 9:20 PM #782350ltsddd
Participant[quote=SD Transplant]IBM to cut 26% of its work force or approx.100,000 employees.[/quote]
I believe the layoffs is going to be sizable but doubt it will be anywhere near the 26% figure. Losing 1/4 of your workforce could cripple the company – regardless of the company’s or the individual’s performance (or lack thereof).
January 27, 2015 at 7:53 AM #782352ParticipantNEW YORK (MarketWatch) — Shares of IBM Corp. IBM, +0.31% are rising 1.2% in premarket trade Monday, on the heels of reports that the technology giant is prepping for a reorganization that will lead to the largest corporate layoff in history. Reports from multiple sources suggest Big Blue will will slash its global workforce by 26%, which would represent about 112,000 of the approximately 431,000 people IBM employs globally. IBM’s stock, a component of the Dow Jones Industrial Average, has slipped 0.7% since it reported last week earnings that beat expectations but revenue that missed. IBM has missed revenue expectations in 12 of the past 14 quarters. The stock has lost 3.8% over the past three months and 13% over the past year, while the Dow has gained 5.2% and 11%, respectively
January 27, 2015 at 7:54 AM #782353carlsbadworker
ParticipantJanuary 28, 2015 at 5:58 PM #782404joec
ParticipantProductivity probably has gone to sh*t with all this speculation whether you will have a job in a few months…
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