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News on the June 2007 Layoffs?

 
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ex_dellionaire
one bitch wonder


Joined: 21 Jun 2007
Posts: 3

PostPosted: Thu Jun 21, 2007 10:35 am    Post subject: News on the June 2007 Layoffs? Reply with quote

Anyone on here affected? A buddy of mine got walked. They gave him 2 months severance pay and 1 week for each year he worked if he signed some sort of paperwork.

Having worked there for 6 years, anyone who got it will be better off in the long run. That place is not healthy.
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TestMaggot
Hates with a Vengance


Joined: 04 May 2006
Posts: 83
Location: Between here and there

PostPosted: Thu Jun 21, 2007 1:10 pm    Post subject: Reply with quote

Is that 2 months AND an additional week for each year? If so that's not too bad and you're right he's better off in the long run to be gone.

Rumors are a buzz that more layoffs are coming this week. Has anyone heard anything?
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Hosed_Big_Time
conscientious beginner


Joined: 18 Jun 2007
Posts: 2
Location: Austin

PostPosted: Thu Jun 21, 2007 1:31 pm    Post subject: Reply with quote

Heard the same and today is supposed to be the day that the Bain folks are making final cuts- although we have not heard a lot about the 8800- guess the lay offs are flying under the radar because the Nasdaq 3rd warning is taking the center stage. The package is good- but no volunteers- everyone would leave. Here is an idea to cut costs and keep people employed- take away the Black Berry's from the managers-total waste of expense and a distraction- it is another tool to show how the managers show their perceived importance.
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TestMaggot
Hates with a Vengance


Joined: 04 May 2006
Posts: 83
Location: Between here and there

PostPosted: Thu Jun 21, 2007 7:59 pm    Post subject: Reply with quote

They probably won't take any volunteers because if they did there would be a lot of groups with empty desks and a manager and some groups with no people and no manager. It will be interesting to see how it all pans out over the course of the next 12 months but if any of the rumors are true it isn't going to take 12 months before the action starts. The rumor of something going down this week seems to have been false unless tomorrow is a busy day.
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ex_dellionaire
one bitch wonder


Joined: 21 Jun 2007
Posts: 3

PostPosted: Thu Jun 21, 2007 8:11 pm    Post subject: Reply with quote

TestMaggot wrote:
Is that 2 months AND an additional week for each year? If so that's not too bad and you're right he's better off in the long run to be gone.

Yes
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