The company just announced that layoffs will be much worse than we originally thought but they didn't give us any details to go with that announcement. Meaning that all of us now get to guess and worry and stress about having a job the next day or week for who knows how long? Tell me that's not adding insult to injury...
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You cannot tell me that my manager doesn't know anything. They always know what is going on. They assist in choosing who is going out the door. The people who are going have been on a list for a long time. They have people who write propaganda that is politically correct for media and communication flowdown. It is all set in stone very well before it takes place. Everything is done with precision before it is carried out.
Thru all the recent revenue turmoil the company paid a full dividend to shareholders. There are 1.5 Billion shares outstanding and third quarter dividend was 47 cents per share or 712 million dollars and probably another 712 million $$$ for the 4th quarter dividend distribution. That's capitalism folks. The company is REQUIRED by Fiduciary responsibility to manage revenues and resources for the best interests of the shareholders (company owners). Executives manage to this end. That is why share price rises when the work force is reduced and tighter financial controls and cost savings are introduced. The market wants to own companies that are profitable and not sloppily managed.
This is how you know that corporate America is greedy. I am seeing all these potential layoffs and I'm thinking, all of these companies were making billions of dollars just last year, you mean to tell me that they simply can't reduce profit by 1/10 of 1% in order to save people's jobs and livelihoods. This is why we should never be slaves to any company. #familyfirst!