KuteLuvr (kuteluvr) wrote,
KuteLuvr
kuteluvr

Layoffs Announced

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*
Tags: hp, layoff, work
Subscribe

  • Time to Move On...

    Well Livejournal... it's been fun... truly. You've been there with me through a million moments of pain, satisfaction, frustration, happiness, and…

  • Insensitive

    There was a time when I relied on other people for my emotions... a time when how I believed someone else felt about me dictated how I felt about…

  • New BF

    WOW I so don't talk on here anymore... real life seems to always prevent success in a virtual life... for me, anyway. If you're a Facebook fan,…

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    switch
    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    Help
  • 2 comments