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Y&R Discussion Group
I cannot believe a company as large as Johnson & Johnson is laying off 8,000 people. Five of my friends got hit with the notice yesterday. They aren't managers and are making a very good salary, I'm wondering if the high salary put them in the target zone?
Do you think lay-offs will ever stop? Do you think the economy is still bleeding?
My company (pharmaceutical company) hasn't laid one person off and isn't planning on. They fired someone when I was out on FMLA but he wasn't doing a good job.
Has your company laid off anyone? Do you think it's going to get better or worse?
Yes, unfortunately, my company has suffered a couple of rounds of lay-offs and some office closings. The remaining people doubled up on their work and sucked it up. What other choice do you have?
Our company took some really original measures to save money. They imposed 5 unpaid holidays per year for EVERYONE in the company. They are holidays that we normally don't have, like Good Friday, Veterns Day, etc. This way, they got a whole week of pay from everyone in the company back. And because they put the memo out in early January '09, people were able to budget for the paycheck that was going to be short. And they were sot, that it wasn't back to back paychecks.
Another thing that they did was ask employees to voluntarily go to a 32 hour work week. I'm not sure how many people actually did this, but at least it was an option. My boss didn't want any of us to do it, so we didn't.....but I thought about it.
I'm keeping my fingers crossed for 2010, because I really love my job.
That's too bad for your friends, especially when it's a mass lay off and so many people are looking for the same types of jobs.
My company had a few rounds of lay offs over the last year and a half but is slowly beginning to hire again. That's a good thing, because many people here are burned out after doing the work of two people for so long. Some have gotten fed up and found jobs in other companies, so we've lost even more talent and experience even after the lay offs were over.
The bottom line is that economy is recovering but jobs are always the last area to catch up. It will take more time for the job market to rebound and until then, there will be further losses.
wow 8000 people..is that all in the US or worldwide?
I work for a small city government.
We have had lay offs and no one got a raise this year.
We have been hit hard with falling property values coupled with an amendment that passed a year or two ago that lowered peoples taxes, so since the bulk of our revenue comes from taxes it resulted in layoffs and no raises.
Also since revenue is down statewide because of short sighted people voting yes on this amendment ( to save on average $200/year on taxes ) fees have gone up on everything including renewals of car registrations and drivers licenses.
When people call to complain about this that or the other going up will ask them ( depending on the caller ) if they voted yes on the amendment...if they say yes, I basically in a nice way explain that people wanting to save couple of hundred bucks has resulted in this. How did they think the shortfall in revenue was going to be made up??? Either services have been cut or fees have been raised....classic example of not seeing the forest for the trees.
I dont think things will get better anytime soon, not sure if they will get worse, but get better....nope, dont see it.
I live in Central Florida.
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