As the crunch begins to bite - Snowboarding Forum - Snowboard Enthusiast Forums
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Old 10-29-2008, 12:46 PM   #1 (permalink)
Samyaksambuddhas
 
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Default As the crunch begins to bite

And so we received letters last week.... 'no pay reviews for 6 months'. Pisser! Even my company is trying to cite financial concerns as being justification for stiffing the working man!

Then this week we are all summoned to a 10am meeting.

It seems nervous bankers = no credit = no finance for projects = projects on hold = no need for architecture services = no need for architects.

The building boom in the USA occurred during the bleak 1930s..... but architecture always cops it early when there are dire financial straits.

Meh.... its the old mind fuck, to make us grateful we still have jobs. They say some people need to be canned.... it'll never happen.

Today.... tearful colleagues and e-mails sent with an upbeat but shell shocked air to them.

Will Paolo make the cut?

For y'all, keep your heads down and try to look busy! Arse kissing (or ass if you prefer) will get you no where! If you are inclined to forward thinking, make the buzzword on which to dwell be 'adaptable'.

jack of all trades, master of none.

Who's next?
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Old 10-29-2008, 12:52 PM   #2 (permalink)
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I certainly hope you don't lose your job Paolo. Then again, aren't you planning on leaving the company and moving anyhow? Either way, job loss sucks. So far, I have been lucky. After working for a few companies that lay people off if the economy see's a bad week ahead, I am in a biz where it seems the bad economy is actually helping business. At least to a degree. If this keeps up, it won't be good for business in the long run, so I would rather see things go up.
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Old 10-29-2008, 01:17 PM   #3 (permalink)
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i wish my employer would do me a favor and tell me they no longer need me

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Old 10-29-2008, 02:28 PM   #4 (permalink)
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about a month ago our major competitor went under. with pretty much no notice (to their customers) they were forced into bankruptcy & closed all their doors. we were hoping that would mean we'd get their business, but as with everyone, we are feeling the crunch too.

last week they informed us that we all had to take 5 forlough days by the end of the year, in lieu of firing someone. then they took that back & said instead we all have to take a 10% pay reduction.

i'm taking this as a sign to start looking for a new job now before i'm left high & dry. being that i do the receivables for the company, i've got a pretty good idea of where we stand...and it doesn't look good.

so let me get off here now & do my damn job! lol.
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Old 10-29-2008, 02:38 PM   #5 (permalink)
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a 10% pay reduction? i would be job searching ASAP! not getting a raise is one thing, getting money taken away is a whole new ball game.
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Old 10-29-2008, 02:53 PM   #6 (permalink)
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Evidently the pay reduction thing is a trend these days. So if you do find a new job, they are probably offering you 10% less than what they would have a year ago. Which if it pays more than the current job, who cares...
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Old 10-29-2008, 03:06 PM   #7 (permalink)
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yeah, and on top of the pay reduction i found out that most people here haven't gotten a raise in the past two years.

so yeah, i think it's time to shop around. put my resume back up on monster & see what comes...

oh, also...their lawyers were the ones who told them to take back the forlough offer and do the pay reduction. so basically, the lawyers are the ones now getting our 10%!

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Old 10-29-2008, 11:53 PM   #8 (permalink)
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Luckily I'm in the business of selling fun. Our numbers are down in certain areas but up in others. I have a feeling once the snow flies our numbers will be up because people will want to spend money to forget the troubled times. But I've also kept my ear to the ground to make sure that if something drastic happens my ass is fully covered.
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Old 10-30-2008, 05:31 AM   #9 (permalink)
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Quote:
Originally Posted by T.J. View Post
a 10% pay reduction? i would be job searching ASAP! not getting a raise is one thing, getting money taken away is a whole new ball game.
well with my way of looking at things, what with inflation being 3% (altho closer to 5% these days), a lack of an equal pay rise to this equates to a pay cut.

fortunately our beloved leader has recently increased the taxation threshold and so i have been effectively handed a 3% reduction in income tax. rah!

but to be told to take a 10% cut..... that would be untenable by my standards!
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Old 10-30-2008, 05:35 AM   #10 (permalink)
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Quote:
Originally Posted by BurtonAvenger View Post
Luckily I'm in the business of selling fun. Our numbers are down in certain areas but up in others... people will want to spend money to forget the troubled times.
i always thought that if things went pete tong for me here, then i could slope off to the hills and teach sideways slide....

but in this current climate, are people really going to be inclined to indulge in the luxury of having fun?

if your house is at risk and your grocery bill has doubled..... i don't think a budget for even a lift pass comes into the equation does it?

what sectors have you seen growth in recently? (aside from in sales of cheap booze?)
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