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re: Have you worked for a company that was "sinking ship"?
Posted on 4/26/17 at 1:30 am to Tarik One
Posted on 4/26/17 at 1:30 am to Tarik One
Back a lifetime ago (2003), I was recruited to a Loss Prevention Manager job for K-Mart. I was a manager for a smaller retail chain at the time. The job was going to be great. A big raise, 40 hours per week, and I would only have to manage around a dozen people. I accepted the position and then K-Mart shut down that store before I started my first day.
It was actually the best thing that ever happened to me. I got out of retail and into management for an Electric Utility. All around better job.
It was actually the best thing that ever happened to me. I got out of retail and into management for an Electric Utility. All around better job.
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Posted on 4/26/17 at 3:09 am to Will Cover
I would never own a restaurant or bar.
Posted on 4/26/17 at 6:33 am to Gorilla Ball
Based on what I've seen of that industry from my industry, nothing fails like a restaurant or bar. It's the least stable business you can start or be in. People who know what they're doing open restaurants that fail. Now imagine what happens to people with no experience even running a business, much less a restaurant! I'd start an RV park or a petting zoo before I opened a restaurant.
Posted on 4/26/17 at 7:45 am to Tarik One
I worked for a division that was a sinking ship, luckily another organization basically purchased my project team, so it was a smooth transition for me to my next job.
Unfortunately, the new organization had no idea how to run a project with the size and scope of the one they purchased and has since experienced several delays and missed deadlines. It was a clusterfrick, so I rolled out about a year into the new project. Definitely happier in my new position.
Unfortunately, the new organization had no idea how to run a project with the size and scope of the one they purchased and has since experienced several delays and missed deadlines. It was a clusterfrick, so I rolled out about a year into the new project. Definitely happier in my new position.
Posted on 4/26/17 at 7:58 am to Tarik One
Unfortunately, I'm gunna need to get back with you in a couple weeks in order to give an answer. 
Posted on 4/26/17 at 8:37 am to Tarik One
I worked as a network operations engineer for three failed telecom companies
First job out of the Navy (2000), I worked for a start up in Wash DC. In 9 months I watched the company blow through $500M in venture capital ultimately being forced into chapter 7 liquidation.
Our CEO told us on a Friday that a plan had been worked out to be acquired by a competitor. The following Monday evening (7pm) we receive a company wide email stating, "As of this moment, we are all out of jobs"
Apparently the deal fell through.
As a NOC tech, the last thing we did before turning off the lights was to forward our customer service toll free number to the CEO's cell phone. It was a legendary "Frick You" move
I was immediately hired by a company that I thought I'd finish my career with... Worldcom. There was so much shady shite going on. Middle managers knew the company was struggling and they knew that when the axe fell, it would hit them first. It was like an episode of Housewives of Atlanta with all the managers trying to set themselves above the other. Layoffs came and the managers were right, they were hit HARD. Of the 5 managers in my group, 1 survived the cut.
In the front lobby, they would display the closing price of WCOM stock. I watched it go from $65, $35, $25, $10, $5, $2, $1.25, to unlisted....What a way to start your day
After leaving WCom, I worked for a telecom startup in Lake Charles. the CEO was up front with us. He basically said, "We are going to build up this company, then I'm going to sell it"... Sure enough after 2 years, he sold it to Time Warner for $65M and wanted us to relocate to St. Louis. I declined and changed careers to IT.
My experience has been that the leaders will tell you whatever they need to in order to keep you doing your job. All the while they are working furiously to save their own asses while yours hangs out to dry.
First job out of the Navy (2000), I worked for a start up in Wash DC. In 9 months I watched the company blow through $500M in venture capital ultimately being forced into chapter 7 liquidation.
Our CEO told us on a Friday that a plan had been worked out to be acquired by a competitor. The following Monday evening (7pm) we receive a company wide email stating, "As of this moment, we are all out of jobs"
Apparently the deal fell through.
As a NOC tech, the last thing we did before turning off the lights was to forward our customer service toll free number to the CEO's cell phone. It was a legendary "Frick You" move
I was immediately hired by a company that I thought I'd finish my career with... Worldcom. There was so much shady shite going on. Middle managers knew the company was struggling and they knew that when the axe fell, it would hit them first. It was like an episode of Housewives of Atlanta with all the managers trying to set themselves above the other. Layoffs came and the managers were right, they were hit HARD. Of the 5 managers in my group, 1 survived the cut.
In the front lobby, they would display the closing price of WCOM stock. I watched it go from $65, $35, $25, $10, $5, $2, $1.25, to unlisted....What a way to start your day
After leaving WCom, I worked for a telecom startup in Lake Charles. the CEO was up front with us. He basically said, "We are going to build up this company, then I'm going to sell it"... Sure enough after 2 years, he sold it to Time Warner for $65M and wanted us to relocate to St. Louis. I declined and changed careers to IT.
My experience has been that the leaders will tell you whatever they need to in order to keep you doing your job. All the while they are working furiously to save their own asses while yours hangs out to dry.
This post was edited on 4/26/17 at 8:42 am
Posted on 4/26/17 at 8:45 am to Tarik One
yep.. and i was one of the few who went down with the ship. Still have not totally recovered.
Posted on 4/26/17 at 9:16 am to Gorilla Ball
quote:
I would never own a restaurant or bar
Only reason to is for cash opportunities for the owner. But the employees would steal him dry.
Posted on 4/26/17 at 9:19 am to Tarik One
Yep and didn't even know it. Now thankfully this was the job I worked while going to college. It was a marina in a fairly well to do area in Georgia and we had 5 marinas withing the company, but the company also handled real estate, golf courses and restaurants. I graduated college in December of 2007 and all of the Marina Operations were laid off in January 2008. It sucked, but I was already looking for other employment opportunities before then. I found it funny that they paid me out about $1500 in tuition reimbursement the week before I was laid off. Also got my insurance paid from 3 months and 1 month severance package if we would sign a non-disclosure agreement to not talk to any reporters being that this was a large outfit in a small area who employed quite a few people. I kept my mouth shut and collected my money and found a job a month later. I felt the severance package was fair considering I was a forklift operator and only made $12.00 p/hr at the time.
Posted on 4/26/17 at 9:21 am to Tarik One
One that was in danger and the owner was honest about it. We survived. I kept my resume updated just to be safe.
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