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RayW
Premium
join:2001-09-01
Layton, UT
clubs:
 ·XMission
| The American Way
This reminds me of the 90's. I had a company closed and a 50% layoff at another because we were not making double digit profits. The first company was making a solid 9% + with a steady workload, and the New York office decided that was not good enough, dumped the workload and closed us. The second company was in a known 6-12 month slow down in work, so they dumped half of us (at least it was the least senior and not the ones nearing retirement, but no management), and then panicked because there was not enough people left to do the work a year later, and they are still paying for it eight years later.
That is one reason we have a good chance of speaking Chinese in twenty or so years. The Chinese tend to think of little profits today in exchange for big profits tomorrow, while the U.S. (and maybe the 'West') thinks of "Big profits now! Screw tomorrow."
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I am not lost, I find myself every time. | |
guitarzan
Premium
join:2004-05-04
Skytop, PA
·epix
| said by RayW  :That is one reason we have a good chance of speaking Chinese in twenty or so years. The Chinese tend to think of little profits today in exchange for big profits tomorrow, while the U.S. (and maybe the 'West') thinks of "Big profits now! Screw tomorrow." There is no 'maybe' about it. The West's business model IS "Big profits now! Screw tomorrow."
Rape, pillage and plunder. Then as sign of total greed, sell customer info to anyone who waves a dollar in front of them.
Wall Street applauds this decision made by Elink. The adage of, misery loves company sounds true.
I feel sorry for the employees losing their jobs. The best they can hope for other than finding new jobs, is for Elink, after these moves to end up in the red.
Where they need to apply for a loan, to bail the company out. I wonder how much applauding Wall Street will be doing then.
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Come on crazy mutant desert men, just because they got Jr. in the car doesn't mean they have Bud on the car. | |
cork1958
Cork
join:2000-02-26
Fruitport, MI
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1 edit | reply to RayW
said by RayW :This reminds me of the 90's. I had a company closed and a 50% layoff at another because we were not making double digit profits. The first company was making a solid 9% + with a steady workload, and the New York office decided that was not good enough, dumped the workload and closed us. The second company was in a known 6-12 month slow down in work, so they dumped half of us (at least it was the least senior and not the ones nearing retirement, but no management), and then panicked because there was not enough people left to do the work a year later, and they are still paying for it eight years later. That is one reason we have a good chance of speaking Chinese in twenty or so years. The Chinese tend to think of little profits today in exchange for big profits tomorrow, while the U.S. (and maybe the 'West') thinks of "Big profits now! Screw tomorrow." Yep,
That's what it's all about. Live now, pay later!!  | |
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