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re: Have you worked for a company that was "sinking ship"?

Posted on 4/25/17 at 8:21 pm to
Posted by nc14
La Jolla
Member since Jan 2012
28193 posts
Posted on 4/25/17 at 8:21 pm to
Who, 25 or older, hasn't? Survived every time. Make it happen.
Posted by tigerman03
Metairie
Member since Jul 2008
3748 posts
Posted on 4/25/17 at 8:33 pm to
I did. Left a good job for a start up, promised this and that. Was told the financial situation was strong and that the owner made his bones by treating people the right way, rewarding them, etc.


Well, it couldn't have been further from the truth. The finances were absolutely abismal, attitude around there was terrible. It was like they went out of their way to hire every a-hole and incompetent POS in the city.
On top of that, the owner was a terrible person and treated his people like shite.
I GTFO as soon as I could. They're still around, for now.
You should definitely start looking.

ETA: there was ONE guy there that was intelligent and a decent human being. He's still there, but he could leave no problem anytime he wants.
This post was edited on 4/25/17 at 8:43 pm
Posted by OweO
Plaquemine, La
Member since Sep 2009
114040 posts
Posted on 4/25/17 at 8:58 pm to
quote:

As soon as a routine was established and everything was on the up and up, bam termination letter dropped on my desk


That's hardcore right there. They probably thought "everything is in order now so we can handle it from here" without realizing they were probably the reason it go to where they were in the first place... And that same mindset is why they are no longer in business.
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
51480 posts
Posted on 4/25/17 at 8:58 pm to
Yup. Rode out to end and learned my lesson. Next time I thought it might happen, I jumped.
Posted by OweO
Plaquemine, La
Member since Sep 2009
114040 posts
Posted on 4/25/17 at 9:02 pm to
quote:

did. Left a good job for a start up, promised this and that. Was told the financial situation was strong and that the owner made his bones by treating people the right way, rewarding them, etc.


I saw this happen once. The head of the office I was in up and decided to leave and start his own company. Several people left with him. Everyone was worried because they thought he knew something no one else knew, but it ended up being a situation where he saw an opportunity he thought he could benefit from by going on his own.. A little over a year later some of the people who left was calling to see if they had an opening for them...
Posted by TheDeathValley
New Orleans, LA
Member since Sep 2010
17201 posts
Posted on 4/25/17 at 9:55 pm to
My current company bought out a division of Enron so do the math.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 4/25/17 at 10:14 pm to
Sounds like you work for Tidewater
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38596 posts
Posted on 4/25/17 at 10:29 pm to
quote:

I saw a new sign today for a restaurant named "sushi & saki" at that horrible location on Perkins by Essen. Lassiegns (sp?) just closed down a few months ago and there are now 4 sushi residents within a few hundred yards of each other. I wish I could convince the owner to pay me instead of sinking money into that future failure


These types of places must not conduct any market research and have cash on hand to fund these projects. No way a bank is giving them money unless they are putting their house up as collateral.
Posted by bpinson
Ms
Member since May 2010
2668 posts
Posted on 4/25/17 at 10:51 pm to
I went to work for Nortel in about 2005. They were a telecom manufacturer. It lasted about 3 yrs and the ship was sinking when I got there, but they paid me $80k plus commission and a car. It was never stable but they kept restructuring debt. I rode that horse until the end because I was making about $120-$150k a year. A few years later went work for Level 3, (a worldwide Internet and fiber networks provider). They were in a panic from day one...numbers, numbers numbers. I sensed something early on, but the money was too good. I was a victim of a 1,000 employee layoff. It was one of the best days of my life when they let me go.
Posted by Tortious
ATX
Member since Nov 2010
5142 posts
Posted on 4/25/17 at 11:04 pm to
OT auto reply: Worked your Mama's panty company and they kept sinking down her thighs.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103169 posts
Posted on 4/25/17 at 11:09 pm to
Never go against the family.
Posted by Das_Wanda_kid
Member since Apr 2017
438 posts
Posted on 4/25/17 at 11:11 pm to
Any company details or what field of business it was in?
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11581 posts
Posted on 4/25/17 at 11:15 pm to
Yep. Without me prompting my boss told me to hold out for six more months, good things are coming. I put my resume out immediately and within six months my entire division was laid off. Good thing I had another job by then.
Posted by Chiefagain
Member since Nov 2016
1808 posts
Posted on 4/25/17 at 11:27 pm to
I did. VP was throwing me some great bait and I got hooked. The respect level was definitely lopsided.

I will tell you this. Look out for the one and only, YOU! If you get an offer jump ship as fast as you can.


Posted by NWarty
Somewhere in the PNW
Member since Sep 2013
2181 posts
Posted on 4/25/17 at 11:30 pm to
@bpinson

Avaya can be a bitch dude. Half our Nortel engineers live in Tejas. Hope that company implodes dearly
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15182 posts
Posted on 4/25/17 at 11:31 pm to
Currently working for a company like this and everyone knows it but the owner refuses to admit it
Posted by tigersownall
Thibodaux
Member since Sep 2011
15361 posts
Posted on 4/25/17 at 11:35 pm to
Do you even oil field ?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37161 posts
Posted on 4/26/17 at 12:00 am to
You don't happen to work for a NOLA-based health insurance company that sponsors the Saints and LSU, huh?

A buddy got laid off today. he said there were tons of rumors of issues, but management gave the "all is well" speech a couple of weeks ago. 5 percent cut today, apparently, with another 5 percent may be coming soon.
Posted by fareplay
Member since Nov 2012
4936 posts
Posted on 4/26/17 at 12:20 am to
I worked for sunedison till last year. Get ready to jump asap
Posted by ChunkyLover54
Member since Apr 2015
6530 posts
Posted on 4/26/17 at 12:39 am to
Yes. Go ASAP
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