Trimming fat or cutting the bone?
Last night my wife went to dinner with her friends. Two of her friends work in the auto industry. They are both human resource pepole and are having a hard time with having to layoff fellow employees. That cannot be fun. They said the job was managable because the first round of layoffs, although hard, were the “dead wood”. People who really weren’t giving their best effort or whatever and needed to go first. Now, however, they are having to layoff other good workers. They say that is absolutely no fun. People are crying, etc. knowing they have given everything and are still being let go. In fact, I have a friend who’s wife thought she was out of a job beacuse she had the lowest seniority. Some companies are letting people go purely based on how long or not long you have been there. I cannot imagine, as a company owner, getting rid of talented people (young, energetic, etc.) just because the employee has ONLY 18 years of experience rather than 25. I do think, when it gets like this, we are closer to the bottom. Cutting the bone hurts…bad. When that happens, stuff really starts to happen.
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