Ok, so over 20 FTE.

many here think losing your account is the catalyst for justifiable downsizing. They're right. But it's only justifiable when your company relies on one or a few accounts to supply the business with sustainability or at minimum, your sustainability. You seem smart and likely saw this is a big issue some time ago. This company won't last with a business model of contract "kiting".

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Posted by Thib-a-doe Tiger

Member since Nov 2012

36799 posts

Posted on 12/22/16 at 11:53 am to OweO

quote:
Not because I was laid off, but because a month earlier he assured me I had nothing to worry about,

Circumstances couldn't have changed in a month?

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Posted by Thib-a-doe Tiger

Member since Nov 2012

36799 posts

Posted on 12/22/16 at 11:55 am to Sao

quote:
This company won't last with a business model of contract "kiting".

Oilfield has been doing it for decades

Hell, some Schlumberger employees would treat layoffs like vacations

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Posted by Hat Tricks

Member since Oct 2003

28973 posts

Posted on 12/22/16 at 11:58 am to OogumBoogum

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Posted by Sao

East Texas Piney Woods

Member since Jun 2009

68469 posts

Posted on 12/22/16 at 12:23 pm to Thib-a-doe Tiger

In his old company it's completely different than SB though. SB can purge to save dollars and move capital around to where they "think" they need it. Using human capital in their shell game is deplorable but somehow normalized.

In his company, management hasn't increased account base to a point where losing 1-3 accounts doesn't equal 30+% of revenue(just guessing). I reckon he saw this coming in a way. Smart guy though it seems, he'll bounce back.

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Posted by go ta hell ole miss

Member since Jan 2007

14788 posts

Posted on 12/22/16 at 12:27 pm to The Dudes Rug