
"Decimation" Topic
6 Posts
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The G Dog  | 13 Mar 2009 4:47 p.m. PST |
So we're called to a meeting. All the executives in the building. No agenda, no topic, just told to show up at 2:00pm. At 1:55, we head down that way, one of my co-workers (new guy, been with us just over a year) asks "what is this meeting about anyway?" I respond by asking if he is familiar with the Roman concept of decimation. He says no. Meeting starts. "Due to the tough ecomic times, we've concluded we have to let 10% of you go." I hate being right. |
| Stosstruppen | 13 Mar 2009 7:13 p.m. PST |
Our decimation was a 10% paycut today
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| AndrewGPaul | 14 Mar 2009 8:39 a.m. PST |
At least they didn't make you choose the 10% yourselves. |
| imrael | 14 Mar 2009 8:40 a.m. PST |
Or beat them to death yourselves. |
The G Dog  | 14 Mar 2009 11:09 a.m. PST |
So we got that going for us
which is nice. |
| Whatisitgood4atwork | 15 Mar 2009 9:52 p.m. PST |
We are pulling all nighters pitching for a big juicy piece of business which should pull us through the recession. If we get it there *shouldn't* have to be any more lay-offs. Two other agencies are doing the same. Winner takes all. It could be worse. Much worse. Our NY and other US offices office has already had the knife fall. Tokyo laid off close to 25% of staff, and Auckland and Sydney have already retrenched and asked all remaining staff to to consider taking voluntary pay cuts. I'm not sure by how much. Under NZ / Oz laws the company can't just cut pay. But they can take this into account if further redundancies are necessary. The irony is the credit crunch has seen the exchange rate move wildly in my favour and I have just got a MUCH better deal on rent than I would have got 12 months ago, so in theory I am doing very well. But the insecurity of the situation and difficultly in getting another job if the worst happens rather takes the shine off. Okay, back to work on the pitch. |
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