After the manager call today, there is very little doubt that the way of dealing with this situation will absolutely be bankruptcy. Reorganization of the company's finances via bankruptcy is the quickest way out. The execs don't really care if that is the best way out ....as long as it is the least painful one for them, they will take it. Many of us will lose our jobs while more and more critical tasks of the business get outsourced and offshored. Hang on tight...a bumpy road lies ahead.
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"Better start hitting LinkedIn"
If they don't have a profile or at least an updated resume after all this - then employees only have themselves to blame for 'being caught by surprise' even though the writing has been on the wall the last two years...
Those that have been working on basically one technology the last 5 or 10 years should have branched out to learn other systems, don't want to be stuck without a job after WIN cans everyone and potential employers see that employee never took training classes or learned new skills.
WIN at one time had some decent online classes and with their vendors - depending on your job - you could take some online vendor classes that many offered for free.
Why didn't people listen and get out??
The writing has been on the wall for a very long time. Ill be going to work to a company that didn't screw over everyone they could find.
And I want my money back!!!
Better start hitting LinkedIn
The severance question came up post call today. There isn't any money left in the bank. You cannot squeeze money from the stone. For all of those people saying "....but I have worked here for 20+ years" there's nothing left. Sharpen up your resume , we are going to be a shell of what we used to be in the coming weeks.
Are people really going in tomorrow?
No severance. The house is on fire. It didn’t have to end this way.
I want my money back from my 401k matches I got stuck with.
Just hope there will still be a severance.
Buckle up bois... it’s gonna be a rough road ahead for sure.