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Posts Tagged ‘layoffs’

Job Cuts For Most, Bailouts For Poor Business Practices For Others

January 27th, 2009

When a senior executive at your company puts forth policies that nearly bankrupt your business, what do you do? You keep him of course!

While tens of thousands of workers are getting the axe at firms the gov’t has bailed out, 9 out of 10 executives are keeping their jobs (probably with large bonuses as well). 9-10 execs keep jobs

Was it Joe Schmoe’s fault, with his $60k salary, that the financial backbone of America has collapsed, or was it the Read more…

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The Sky Is Falling. Microsoft is Laying Off

January 23rd, 2009

Microsoft is cutting jobs for the first time in its history. Reason? They only made $4.5 billion in profit in the 2nd quarter.

I know, I know, how could any company possible live with only $4.5 billion. Those poor executives probably only took home $10 million dollar bonuses instead of $20 million. They will probably have to cut back on spending. Maybe buy less homes and cars. Maybe fire some of their personal staff. Read more…

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