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Layoffs Announced - The highs and lows of KuteLuvr — LiveJournal

About Layoffs Announced

Previous Entry Layoffs Announced Jul. 19th, 2005 @ 11:13 am Next Entry
Well... it's now officially official. We're killing 14,500 jobs. The pension plan (that I posted so ecstatically about) is now gone for anybody not already participating. The meeting requests from every level of management possible are starting to flood in (for me, that's prob about 5 meetings minimum, including the video announcement from the CEO, which is arguably the same as a meeting).

I support the business... and I see this as being necessary. I'm happy that the CEO specifically said "this isn't about Q3 or Q4... it's about the long-term success of the business". That's good. Before, it always felt like the cost cutting was just an attempt to make numbers for an unusually bad quarter (that apparently wasn't too unusual).

What's scary is that A) it's going to happen over "the next 6 quarters" (meaning if our system is decomissioned, I'm screwed), and B) the cuts will be primarily targeted at Sales, IT, and HR in the US. Since I'm an IT guy, focused on an HR system, in the US, my boots are shaking.

This should be fun. *sigh*
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[User Picture Icon]
Date:July 19th, 2005 06:57 pm (UTC)
You could always join the Apple cult family.
[User Picture Icon]
Date:July 19th, 2005 08:28 pm (UTC)
At minimum, it's time to update & polish your resume.
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