said by jgkolt :

sunrocket firing all over again. Firing the best of the best or the highest paid. Looks like it is time to sell the stock before the ship sinks.

said by xrobertcmx :

Me even happier to be a former customer.

said by cableties :

I get sick everytime I read that Wall Street rewards mismanaged companies.

"Yay, they are profitable because they cut the folks that held the fort!"
"Yay, they fired half their workforce, so they save money by not paying out benefits!"
"Yay, their business model sucks, their executives have ridiculous exit contracts and parachutes, but they have a customer database that can be sold!"

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."

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."

said by N10Cities :

I HATE those fricking words!!!!

said by Richard B :

Good lordy you act like the a job is an entitlement in fact if any you came me I dump you on the street in a heart beat because I do want some asshole working for me who think I own them a job. I got news for you the only person who case for your welfare is a good preacher and yourself not government and not business. The purpose of business is to make money for the owner be it sole proprietor like me (in my side business) or stockowners. Business not some god forsaken daddy warbuck money machine to give you a paycheck vacation and healthcare.
You guys need to grow up take care you self it may be though mutual self inters by working for somebody or strike out on you own. Frankly I think it should be both, having a regular job and a side business in order if one fails you have the other.

One need to be smart employee, I am very proactive I try to know the business so if thing start to go south I can either put out resume or hang on and hope I win big at eh severance jack pot. I did the latter during the dot com bust. I got a good severance one time and the other I was on unemployment and had to bust my but on EBay to bring extra money to pay the bills.
As for EarthLink, it was in the cards for years that EarthLink is going down faster than Pamela Anderson in a porn video. I am not surprised to see what is going on.

said by Richard B :

Good lordy you act like the a job is an entitlement in fact if any you came me I dump you on the street in a heart beat ...blah...blah

said by tim_k :

.. I once read a post from a sole proprietor who said if his company didn't make money his employees would take the hit, not him. And then they wonder why the employees don't have the motivation to work as hard as they do.

It's one thing to lay off excessive numbers of employees, quite another to lay off your core people. It seems Wall Street never met a layoff that didn't result in a rise in stock price even if the layoff did nothing but shoot the company in the foot. Yet how many times do you see the top managers share the pain? Far too often with the top manager boys club they'll always make out like bandits no matter what happens to the company.