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re: Layoffs

Posted on 5/30/24 at 9:44 am to
Posted by BabyTac
Austin, TX
Member since Jun 2008
15740 posts
Posted on 5/30/24 at 9:44 am to
Watched this the other night. Good movie. Really puts a lot of this into perspective.

Posted by WB Davis
Member since May 2018
2327 posts
Posted on 5/30/24 at 9:51 am to
quote:

We are in the housing industry (private company) and it simple isn’t turning around fast enough. 50% volume increases in the future with contracts but losses from hanging on until things turn make this layoff a current necessity for now.
quote:


Brandon's Amerika
Your employer is too stupid to manage its cash flow ====> therefore Brandon sucks
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135846 posts
Posted on 5/30/24 at 9:53 am to
quote:


I'm sorry. The Biden economy is destroying lives, futures, everything. It's a disaster.


It is, but watch, a democrat, him or otherwise, will get reelected in November.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135846 posts
Posted on 5/30/24 at 9:54 am to
quote:

People getting laid off left and right. Cost of food and housing is skyrocketing. The border is wide open. The American dream is dying right before our eyes folks.


Died in 2020
Posted by BabyTac
Austin, TX
Member since Jun 2008
15740 posts
Posted on 5/30/24 at 9:56 am to
quote:

I'm sorry. The Biden economy is destroying lives, futures, everything. It's a disaster.


People’s poor choices, selfishness, and overall lack of contingency planning is destroying America. Nobody to blame but yourself.
Posted by RealDawg
Dawgville
Member since Nov 2012
11188 posts
Posted on 5/30/24 at 9:58 am to
quote:

How many people is 33%?


40 or so
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
72122 posts
Posted on 5/30/24 at 10:01 am to
Posted by jaytothen
Member since Jan 2020
8291 posts
Posted on 5/30/24 at 10:03 am to
quote:

Your employer is too stupid to manage its cash flow ====> therefore Brandon sucks


Yeah, every company laying-off employees is because of a simple management issue. Not policies. Not at all
Posted by dukke v
PLUTO
Member since Jul 2006
216130 posts
Posted on 5/30/24 at 10:11 am to
1,000% fact.
Posted by RealDawg
Dawgville
Member since Nov 2012
11188 posts
Posted on 5/30/24 at 10:18 am to
quote:

Housing as in construction


Engineered truss and walls.

Management and ownership took volunteer cuts first. We held any kind of bonus a while back.

Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
54843 posts
Posted on 5/30/24 at 10:21 am to
Speak for yourself. Some people were raised to know that small houses and older cars create a great opportunity for disposable income and investment capital. Also real estate equity is a thing if you buy low and sell high.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 5/30/24 at 10:27 am to
quote:

Some people were raised to know that small houses and older cars create a great opportunity for disposable income and investment capital.


I can still buy a small car.

It has become very difficult to buy a small house.
Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
54843 posts
Posted on 5/30/24 at 10:35 am to
I agree. And it is super frustrating because it has to be an old house in an old neighborhood. No builders build small houses anymore.

And employers don't cut executive bonuses to prevent layoffs either
Posted by RealDawg
Dawgville
Member since Nov 2012
11188 posts
Posted on 5/30/24 at 10:41 am to
Small houses are apartments now.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 5/30/24 at 10:42 am to
quote:

And it is super frustrating because it has to be an old house in an old neighborhood. No builders build small houses anymore.


They build townhomes instead. So you have to overpay to share walls.

Townhomes or you have to rent an apartment if you want to live small.
Posted by RealDawg
Dawgville
Member since Nov 2012
11188 posts
Posted on 5/30/24 at 12:02 pm to
quote:

Your employer is too stupid to manage its cash flow ====> therefore Brandon sucks


When an entire market is down 30% and costs are 20-30% higher than the past, there is only so longer reserves can cover loses before needing to make drastic changes.

We held onto people at a loss but the timing of future projects kept getting pushed off.

Posted by Boogtasic
Arkansas
Member since Jul 2021
50 posts
Posted on 5/30/24 at 1:16 pm to
Well thanks for the jinx. Got the TEAMS message at 9:43am "Hey, do you have a second...". Jumped on the call, HR present, you know the drill. Will be let go August 30th with additional month of salary.

Probably 20-30 people getting the same call.

31 years in IT, kind of sick of it. House paid for, daughter's undergrad set aside (she'll be junior, two more years), wife making low 6 figures.

How to transition to an "old man" job for the next 5 years?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 5/30/24 at 1:31 pm to
quote:

How to transition to an "old man" job for the next 5 years?



I want my old man job to be as a docent at a museum or old battlefield.
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