Is the recession effecting you?

  • Sk8Tex

    Posts: 738

    Mar 19, 2009 4:04 PM GMT
    Well I knew it was probably going to happen but I was hoping it wouldn't, yesterday the bank that I work for made an announcement to its employees that they will be cutting the workforce by 22% (300 employees) within the first and second quarter of 2009. Today they will be releasing a press conference publicly announcing the cutback. I've yet to find out whether or not I will continue having a job here, but I've got my fingers crossed as im not particularly thrilled about being back on the job market in these times, or standing in a record setting unemployment line. *sigh* Most of the jobs lost are in California I believe so I was starting to wonder, how many here have been directly affected by the economy in the US? I'm kinda sitting here wondering whether I should worry and start putting my resume out there now, or wait until there is a definitive answer as to who is going to be out of a job. icon_cry.gif
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    Mar 19, 2009 4:18 PM GMT
    Kansas City here. I work in a Large engineering firm. In my depeartment they have not let go any perminet employees, but 3 contract employees get laid off tomorrow. I have hear all contractors are being let go. While not an actual part of the company it is a lay off. Probably of 60 people.
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    Mar 19, 2009 4:50 PM GMT
    We do commercial web development, systems administration, and general IT consulting.

    We've seen people hunker down everywhere across about every industry.

    Fortunately, as of late, we've been associated with a dental practice management group, and a prison management sort of company.

    The medical field is growing. Jails are growing. So....it'll maybe get us over the hump.

    I think the criminal justice system here in The States is messed up, but, the folks we're doing development for have a ton of work, pay fast, are easy to do business with, and have some interesting technology. Whod'a thunk, huh?
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    Mar 19, 2009 4:53 PM GMT
    The massage biz is down by about 80%, but FINALLY got another job this week; min. wage, but it rounds out the bills. Just now thinking about joining a gym, again; cancelled the old membership at Lifestyles last year. Never go out to eat, no trips, no movies, no nothing, but work. But work is looking real good!

    Come the revolution...icon_confused.gif
  • dionysus

    Posts: 420

    Mar 19, 2009 4:55 PM GMT
    currently, no. before, yes. but my company is based in taiwan. soooo. woot woot icon_smile.gif
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    Mar 19, 2009 4:57 PM GMT
    Though it's a booming industry right now, even video gaming isn't immune. Electronic Arts, Ubisoft, Take 2 ... most of the publishers and even the manufacturers are laying off a hefty number of employees. Luckily, I'm safe - - - knocks on wood - - - but many long-time associates and friends in the industry have been let go. It's sad.
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    Mar 19, 2009 4:57 PM GMT
    Yeah I've been affected by the economy in the US. I was out of the job last August and been searching for a new job since then. Been placing my resume everywhere and applying to many places and yet I have no luck. I get at least two job interviews per month. It's not easy with this economy especially having an abundance of competition out there and people who are more likely qualified. I keep wondering if there is any work here where I live. I was told to look elsewhere which I have been. Still getting the same results. icon_cry.gif

    If you feel that you are most likely to get cut, I would start putting the resume out there now instead of waiting for the axe. You never know what's likely to happen, so be prepared.
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    Mar 19, 2009 5:04 PM GMT
    I know, im just a student, but I still do work a part time job in retail and i need some explanations if anyone could offer.
    We have certain sales goals that we have to reach, its not commission based but we do have a certain individual pressure placed on us. Now, our company sets these up based on last years numbers, so if the store made $11,000 on March 19th last year, were expected to make the same if not more on March 19th of this year. People are being fired left right and center for not making their goals, when in actuality, the entire company is not making its goal.
    I guess theres nothing anyone could explain, lol, and yes i have asked my managers how they expect us to do this, they always "shrug shoulders" and just say, its the upper management who decides.
    Its just become unreasonable, unattainable, and inhumane.

    Also as a side note, I laugh at the idiots who come in and buy 5,6, and 7 hundred dollars worth of clothing, give me their various credit cards (sometimes dividing it between multiple cards) and say "ooo i hope this goes thru, cross your fingers for me!"


    stupid stupid vain people...lol
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    Mar 19, 2009 5:29 PM GMT
    whosyourpaddy saidI know, im just a student, but I still do work a part time job in retail and i need some explanations if anyone could offer.
    We have certain sales goals that we have to reach, its not commission based but we do have a certain individual pressure placed on us. Now, our company sets these up based on last years numbers, so if the store made $11,000 on March 19th last year, were expected to make the same if not more on March 19th of this year. People are being fired left right and center for not making their goals, when in actuality, the entire company is not making its goal.
    I guess theres nothing anyone could explain, lol, and yes i have asked my managers how they expect us to do this, they always "shrug shoulders" and just say, its the upper management who decides.
    Its just become unreasonable, unattainable, and inhumane.

    Also as a side note, I laugh at the idiots who come in and buy 5,6, and 7 hundred dollars worth of clothing, give me their various credit cards (sometimes dividing it between multiple cards) and say "ooo i hope this goes thru, cross your fingers for me!"


    stupid stupid vain people...lol



    but who could resist dumping that kind of cash with you measuring their inseam?
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    Mar 19, 2009 5:31 PM GMT
    why do u think i havent been fired yet?
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    Mar 19, 2009 5:33 PM GMT
    Yep. Nothing funnier than clueless fairies spending money they don't have. Nothing like being gullible, willingly. You just have to laugh at the stupidity of it.
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    Mar 19, 2009 5:34 PM GMT
    Yes it is. I cant find a job. I've been looking since August. I'm just going to try to be a TA next year and finish my grad degree by Aug of 2010. My bf and I are thinking of moving after that to Delaware. DC hasn't been kind to our trying to find work
  • Sk8Tex

    Posts: 738

    Mar 19, 2009 6:06 PM GMT
    I think the thing that really pisses me off the most about this is when I turn on the tv or check stock info online and see the news about how AIG received billions in bailout funds from the US govt. then turned around and paid out to some 438 or so people bonus checks of up to $100,000 each!? Meanwhile we were told at the beginning of this year that we would not be received bonuses, and the bailout that we were actually granted was 1.8 million which is less than my department makes in a week. Its infuriating... icon_evil.gif
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    Mar 19, 2009 6:18 PM GMT
    yup, I was laid off at the end of Nov and still looking for work.

    I think it is more of a depression rather than a recession.
  • healthseeker

    Posts: 161

    Mar 19, 2009 7:07 PM GMT
    TheIStrat saidDC hasn't been kind to our trying to find work


    The scary thing about that is I keep hearing that DC is the place to find jobs. I'm from there and considering moving back to find a gov't job.

    The company I have worked at for 12 years recently announced they are going under and I have joined the ranks of the unemployed. I've thought abouting moving back to DC but with the housing market I wouldn't be able to sell or rent my condo and cover my costs.
    Short answer - yes.
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    Mar 19, 2009 7:27 PM GMT
    I got laid off about an hour and a half ago. This really sucks, but guess what I have more time for?icon_lol.gif
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    Mar 19, 2009 7:28 PM GMT
    You have more time for job hunting?
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    Mar 19, 2009 7:30 PM GMT
    McGay saidYou have more time for job hunting?

    That and making smartass remarks here.
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    Mar 19, 2009 7:31 PM GMT
    Just don't confuse the two and accidentally bring a bucket of popcorn to your job interviews. If you should accidentally do that, ask your interviewer if he would undress for the guy above him.
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    Mar 19, 2009 7:33 PM GMT
    GuerrillaSodomite saidI got laid off about an hour and a half ago. This really sucks, but guess what I have more time for?icon_lol.gif


    I'm sorry, man. icon_sad.gif
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    Mar 19, 2009 7:39 PM GMT
    McGay saidJust don't confuse the two and accidentally bring a bucket of popcorn to your job interviews. If you should accidentally do that, ask your interviewer if he would undress for the guy above him.


    Yeah, I wonder if being able to rapidly find images to embed in posts is a marketable skill.
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    Mar 19, 2009 7:39 PM GMT
    SanDiegoNewbie saidI think the thing that really pisses me off the most about this is when I turn on the tv or check stock info online and see the news about how AIG received billions in bailout funds from the US govt. then turned around and paid out to some 438 or so people bonus checks of up to $100,000 each!? Meanwhile we were told at the beginning of this year that we would not be received bonuses, and the bailout that we were actually granted was 1.8 million which is less than my department makes in a week. Its infuriating... icon_evil.gif


    AIG is a glaring example of the very worst side of humanity.
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    Mar 19, 2009 7:47 PM GMT
    I still think they should bring all these AIG and other executives out to every single state and take them to a town square for a 12 hour egg toss, while they are naked...them they should be made to clean up the mess using only their tongues.
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    Mar 19, 2009 8:10 PM GMT
    Not at all.I don't think things are as bad as the news media say,at least here in hillbillyana.
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    Mar 19, 2009 8:12 PM GMT
    GuerrillaSodomite saidI got laid off about an hour and a half ago. This really sucks, but guess what I have more time for?icon_lol.gif


    Wow..did u have any clue it was coming? Yikes, sorry to hear.