They cut hundreds and closed two plants; it was a blood bath. I’m okay, but many longtime friends are not. There are a few I still haven’t heard back from, so I don’t know.
I’ve been with this company, in one capacity or another, for more than a decade. I’ve weathered layoffs, and acquisitions, and divestitures, and I’ve still not ever seen anything on this scale. It was horrifying.
And we’re in relatively good financial shape – paying out a higher EPS (earnings per share) than YOY (same time last year).
So I send my thoughts out into the great void tonight, and hope my friends, and everyone devestated by the current economy, will pull through without too much lasting damage. It is not much of a wish, I admit, but I think it is the best we can hope for in the short, or perhaps even medium, term.
It is the very definition of “sucks out loud.”
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Peanut Gallery