Company Layoffs

[Marc]

yea, but you work for an airline, isn't it standard procedure to file chapter 11 and then lay off a bunch of folks every quarter? ;-) :razz:

ftfy.

 

[RootDKJ]

I just found out that the VP of Business Operations and a Sr. Accounting Manager got let go today. Rumor central says the VP of Engineering also got let go (my boss's boss) but I can't confirm that. It would really suck if that was true. It's kinda sad, because I've known those guys for a really long time

 

[GrilledSteezeSandwich]

I just found out that the VP of Business Operations and a Sr. Accounting Manager got let go today. Rumor central says the VP of Engineering also got let go (my boss's boss) but I can't confirm that. It would really suck if that was true. It's kinda sad, because I've known those guys for a really long time

How large is the company you work for..it sounds pretty big if your boss's boss isn't even the President..

 

[andyzee]

My company laid off 11000 this past Wednesday, I wasn't one of them. Told we're safe for now and no immediate plans for more, but that could change at any time.

 

[RootDKJ]

How large is the company you work for..it sounds pretty big if your boss's boss isn't even the President..

Well he is/was the VP of Engineering. He reports the the Senior VP of Operations who reports to the President of the Division.

With ~80,000 employees, our structure is difficult for to understand at times.

 

[gmcunni]

With ~80,000 employees, our structure is difficult for to understand at times.

Oracle???

 

[RootDKJ]

Oracle???

Nah

 

[mondeo]

How large is the company you work for..it sounds pretty big if your boss's boss isn't even the President..

My boss's boss's boss's boss is a VP. I used to have one more boss in there. We have 4-5 Presidents, I think. And that's not even at the corporate level.

 

[RootDKJ]

My boss's boss's boss's boss is a VP. I used to have one more boss in there. We have 4-5 Presidents, I think. And that's not even at the corporate level.

I used to be in your shoes, until some idiot made me a boss.
I know hardly anyone at corporate.

 

[GrilledSteezeSandwich]

Well he is/was the VP of Engineering. He reports the the Senior VP of Operations who reports to the President of the Division.

With ~80,000 employees, our structure is difficult for to understand at times.

Wow that is a huge company..when I think of large companies I think of like a couple hundred employees..lol..

 

[RootDKJ]

Yeah, it's kinda cool when you've been talking to someone on the phone for several years and then finally meet them in person.

My wife's company is about 120 including the warehouse . She told me they let go 4 in the purchasing department today.

 

[Paul]

Yeah, it's kinda cool when you've been talking to someone on the phone for several years and then finally meet them in person.

My wife's company is about 120 including the warehouse . She told me they let go 4 in the purchasing department today.

I hear ya. My boss and I are both at the same level, Area Manager. His boss is a Director, then VP then Pres. then group VP, Senior VP, CEO.

~230,000 and dropping

 

[RootDKJ]

It looks like the VP of Eng is still with us, at least for now. 4 Engineers in the lab were told to find other jobs in 60 days or they are done.

Sucks.

 

[deadheadskier]

It looks like the VP of Eng is still with us, at least for now. 4 Engineers in the lab were told to find other jobs in 60 days or they are done.

Sucks.

At least your company has the financial ability and decency to give these guys a two month notice.

 

[GrilledSteezeSandwich]

It looks like the VP of Eng is still with us, at least for now. 4 Engineers in the lab were told to find other jobs in 60 days or they are done.

Sucks.

Wow 60 days notice..IMHO..those 4 engineers could do more harm than good in the next 60 days being there..Is severance pay a thing of the past? I remember when Air Products did massive layouts the severance packages were pretty generous..like 2 weeks pay for every year at the company. Reading about this makes me want to squirrel away as much money as possible..

 

[RootDKJ]

Wow 60 days notice..IMHO..those 4 engineers could do more harm than good in the next 60 days being there..Is severance pay a thing of the past? I remember when Air Products did massive layouts the severance packages were pretty generous..like 2 weeks pay for every year at the company. Reading about this makes me want to squirrel away as much money as possible..

They were lab engineers, with no real access to production equipment. But their knowledge base is pretty scary. I just heard about 3 more, all at the division level. I didn't know two of them, but the third guy was a real a-hole to work with.

Morale is tanking big time around here. Everyone is walking on eggshells.

 

[RootDKJ]

My boss just told me over 20 people got it today in the division office. This really blows.

 

[hardline]

all the guys we have that freelance for us know in winter know i scale back project in winter. most i set up with tech jobs at other venues for the winter. two guys work on cruise ships. other guys do side jobs and i let them do their purchasing through me. it seems to work for everyone.

 

[RootDKJ]

I've been at this for 10 years now and today was the first time I've ever seen real cutbacks in engineering so I was freaking out a bit. Over all I think I'll make the cut. I also heard there's more to come this week.

 

[dmc]

We lost a few from our company last week... Tightening the belt...