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Old 02-16-10, 07:58 AM   #1
Itsjustb
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I didn't just burn the bridge...

I blew the sucker up!

My company is laying off several thousand people in the next 2 months and my job is at risk. Our Chairman of R&D gave a town hall Friday to explain the cuts and then opened the floor to questions. Here's what I said:

"Have you seen this week's Newsweek? [He said no. I held up a copy.] The cover story is 'Layoffs are bad for business'. The article shows that in almost every case study of layoffs, the cuts have almost exactly the opposite effect to that intended. You want to simplify the operating model? Offshoring complicates the operating model. You want to appease short-term investors and bump the stock price? Our stock price dropped when you announced the cuts. You want to stay competitive? When your competitors are laying off people, that's the time to gain ground on them.

You talk about trust. I think I speak for everyone in this room when I say that I have a lot more trust in a manager who, in the face of evidence, looks at a decison and say, 'You know, I think we made the wrong call here. Let's look at other ways to accomplish this goal...maybe across-the-board pay cuts for senior management.'"

The entire auditorium applauded. Unfortunately they're not the people deciding whether I get cut...and halfway through my speech my senior VP turned around in his seat and looked me right in the eye. Oh well--I've already applied to about 10 other jobs at other companies.
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Old 02-16-10, 08:02 AM   #2
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I blew the sucker up!


Good for you.




You did not sell out and kiss their ass, and they would have laid off your kiss-ass sell out self anyway. Congratulations. You have a soul.


Cheers.
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Old 02-16-10, 08:05 AM   #3
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Did you also scream "YOU CAN'T HANDLE THE TRUTH!"
Good for you, you told the truth, and had facts to back it up, nothing will piss off those in charge more than telling them, and proving, that they are wrong. Don't forget, senior managment will get a big bonus for saving the company money, not for providing jobs to people.
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Old 02-16-10, 08:13 AM   #4
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I like bridges.
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Old 02-16-10, 08:20 AM   #5
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I like bridges.


So much that you would want to live under one?
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Old 02-16-10, 08:28 AM   #6
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OP...you're a better man than me. After my speech, I would have been summarily dismissed with cause. The speech would have been two words....FU!
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Old 02-16-10, 08:34 AM   #7
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So much that you would want to live under one?
If you collect a salary, or sell people bridges, you live under one.
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Old 02-16-10, 08:42 AM   #8
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OP...you're a better man than me. After my speech, I would have been summarily dismissed with cause. The speech would have been two words....FU!
Been there done that a couple of times over the past 30 years. It feels great at the time but can bite you back as well limit ones career. As much as I like to say I am not a corporate a$$ kiss, to some degree you have to be. Especially in a small industry. I am getting close to being able to make that speech though.. Can I quote you when I do MV?
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Old 02-16-10, 09:22 AM   #9
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Way to go Itsjustb! I applaud you for having the courage to stand up for the workers. Just had to watch my wife lose her fight for a job after 20 years of service. To her credit, management in the Dallas office fought hard for her, but in the end, she was still let go. Corporate America sucks.
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Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
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Old 02-16-10, 09:34 AM   #10
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Sometimes you just have to swing for the fence. Yes, it has the risk of a backlash, but the reward may be that you hit a home run with it. I think you may gain more than you loose both emotionally and financially. Congratulations!
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Old 02-16-10, 09:35 AM   #11
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Management doesn't care as long as they have their money stream and their stock options are protected in the relative short term. Layoffs are the easy thing to do. They'll rehire for the positions somebody cheaper and won't have to give the vacation or sick time long term laid off employees have coming to them. Passed over employees will do two or three other jobs poorly but possibly just well enough to justify the initial cuts. Because you aren't unionized you can't shut the company down either. If you are close to fifty years old you're screwed. Welcome to the capitalist dream.

No I'm not bitter...
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Old 02-16-10, 09:51 AM   #12
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Following 9/11, the company I worked for at the time received a Federal stimulus grant of $1.5 million to protect the jobs of the workers. They laid of 1/3 of us anyway. Shortly after, the CEO paid himself a bonus and had the gall to state in a company-wide memo that it was "Compensation for the stress of laying people off." Anybody want to guess how much the bonus was?

The company lost so many customers as a result of the decrease in service from the remaining staff, that over the next few years it went from being a powerhouse in the industry, to something of a joke. And yet, the senior management continued to treat the company like their own personal ATM, paying themselves regular, astronomically high bonuses, before they each headed off to loot the coffers elsewhere.

I salute you Itsjustb. It's time more people called these people out.
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Old 02-16-10, 12:01 PM   #13
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I salute you.
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Old 02-16-10, 12:06 PM   #14
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Balls Deluxe!

Go, M%@$#r F^$@*#r, Go!
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Old 02-16-10, 12:18 PM   #15
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congrats!
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Old 02-16-10, 12:31 PM   #16
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I salute you.
+1
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Old 02-16-10, 12:59 PM   #17
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See, you did *exactly* what more people in this country *need* to do - stand up and not be railroaded by executives who are only interested in their own trophies.

If more of the educated tech/knowledge workers would start doing this - well, hell, workers across the board - maybe we'd get more done than expecting politicians - who are in bed with the corp executives, anyway - in terms of protecting the rights of the people who actually DO the work in this country.
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Old 02-16-10, 01:00 PM   #18
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Sometimes you just have to swing for the fence. Yes, it has the risk of a backlash, but the reward may be that you hit a home run with it. I think you may gain more than you loose both emotionally and financially. Congratulations!
If you're going to get laid off/riffed anyway, why not just swing for the fence? More people need to stand up in this country. The late Saul Alinksky said one of the most effective ways to address corporate policy is for every person to buy one share of stock - and then show up at the shareholder's meetings and raise hell. You only get out of the system what you put into it.
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Old 02-16-10, 01:15 PM   #19
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That is awesome!!!
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Old 02-16-10, 01:17 PM   #20
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Been there done that a couple of times over the past 30 years. It feels great at the time but can bite you back as well limit ones career. As much as I like to say I am not a corporate a$$ kiss, to some degree you have to be. Especially in a small industry. I am getting close to being able to make that speech though.. Can I quote you when I do MV?
You may, but send the royalty check first.
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Old 02-16-10, 01:31 PM   #21
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Shortly after, the CEO paid himself a bonus and had the gall to state in a company-wide memo that it was "Compensation for the stress of laying people off."

That's just some freakin' arrogance there, and balls to say it. May karma *****slap him good.
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Old 02-16-10, 02:19 PM   #22
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Prefiero morir de pie que vivir siempre arrodillado!

Viva Itsjustb!
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Old 02-16-10, 02:26 PM   #23
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I salute you.

Yeah that! I want you on my side.
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Old 02-16-10, 02:43 PM   #24
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how ridiculous. all this yeee hah! good going!

i'm not saying it was wrong. just saying it was a non-event with no impact and to those who can make the decision, it is just water off a duck's back.

Big cuts are made on a spreadsheet. The ones ordering the cut then leave it to their minions to deliver the message face to face with the condemned. The decision makers never have the guts to face the ones they are about to stiff.
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Old 02-16-10, 02:55 PM   #25
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The company lost so many customers as a result of the decrease in service from the remaining staff, that over the next few years it went from being a powerhouse in the industry, to something of a joke. And yet, the senior management continued to treat the company like their own personal ATM, paying themselves regular, astronomically high bonuses, before they each headed off to loot the coffers elsewhere.
A former CEO where I work was sued* after being jailed for sales tax evasion. He recently was featured on "American Greed" (a tv show) and blamed the board for not watching him closely enough. Hello Sarbanes-Oxley!


* The sequence of events was:
Caught avoiding NYC sales tax
While investigating ways to release him, the auditors discovered several irregularities.
Company sues former CEO
Investors sue company
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