Corporate Greed (Layoffs)

[Gman]

I had to layoff three folks today. Company is doing well, no reason other than "we need to manage our expenses" 

[deadonshot2]

3 minutes ago, Gman said:

I had to layoff three folks today. Company is doing well, no reason other than "we need to manage our expenses" 

Payroll is the number one controllable expense. Companies and workers just are not loyal to each other like 40 years ago. 

[huntyctyboy]

unfortunate i've had happen to me more than once.

[hunterbob1]

11 hours ago, huntyctyboy said:

unfortunate i've had happen to me more than once.

In which fields

[Fred Flintstone]

The people at the Top though are Lining their Pockets.Same with every Company.

[hunterbob1]

12 hours ago, Gman said:

I had to layoff three folks today. Company is doing well, no reason other than "we need to manage our expenses" 

Sorry to hear

https://youtu.be/0EHKjlLeUFo

[Bucksnbows]

It’s smart ahead of what is so obviously a recession coming. We will know in a few short weeks if we are in recession now since Q1 we had negative growth. The Atlanta Fed is considered the best in the nation at predicting growth or retraction to our economy and they recently announced they are revising down earlier predictions of 2.3% growth to 0% and warned that is trending negative. That would mean we are in a recession now. 

[Bucksnbows]

But it certainly sucks if you are caught in the crosshairs. At least for now, there are still plenty of job openings elsewhere. Tough times ahead. Tougher than many here have ever lived through before. And it’s just starting. 

[archer36]

It's the system we love...Capitalism. It may not be perfect but one of the best of the worst economic systems. None are perfect. 

Increased profits, stock increases/buybacks, and shareholder dividends takes precedent over empathy for the working man. 

Edited June 23, 2022 by archer36

[rgw]

That really sucks but I see a lot more coming in the future, people are starting to prepare for what is coming, being in a business even though work has been good I have noticed a down turn 

[Bucksnbows]

2 minutes ago, rgw said:

That really sucks but I see a lot more coming in the future, people are starting to prepare for what is coming, being in a business even though work has been good I have noticed a down turn 

I got some work for you! 😁

[huntyctyboy]

technology

[rgw]

Just now, Bucksnbows said:

I got some work for you! 😁

Lol I know thanks 

[hunterbob1]

2 minutes ago, Bucksnbows said:

I got some work for you! 😁

Where's the new project

[Bucksnbows]

34 minutes ago, hunterbob1 said:

Where's the new project

We have a lot of Hunterdon streams hammered by Ida and an unnamed thunderstorm last fall to restore over the next few years. I loaded up Farm Bill funded projects recently because they are a “sure thing” as funds are guaranteed. With a bad economy headed our way like a train rolling downhill without brakes, it was the smart move.