The AXE

Anyone else seeing layoffs left and right where they work? 4 were laid off here today. A little light reading:

http://www.foxbusiness.com/story/markets/economy/economy-sheds--jobs-october-unemployment-rate-hits/

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Comments

Diminutive

6 were let go at my current workplace the same day I gave notice. Only about 20 people left in this office now.

jbrown414

http://economictimes.indiatimes.com/International_Business/Fidelity_to_cut_1300_jobs_this_month/articleshow/3686510.cms

My wife works for Fidelity Investments. They're looking to layoff 1300 employees. She says she's not worried but I am worried for her. She makes way more than I do.

kriscamaro68

27 people where "laid off" at my work last week. I had to remove their access to the domain and e-mail and what not. It sucked cause some of my friends where let go and the company said how great we where doing. What a load of crap.

LarryDaMan

jbrown414 wrote:

http://economictimes.indiatimes.com/International_Business/Fidelity_to_cut_1300_jobs_this_month/articleshow/3686510.cms

My wife works for Fidelity Investments. They're looking to layoff 1300 employees. She says she's not worried but I am worried for her. She makes way more than I do.

Fidelity should lay people off (not your wife though), they have run my 401K into the ground!

It is losing more than this terrible stock market. Good thing I don't mind working until I'm 90 and dying at my desk.

BradleyHU

LarryDaMan wrote:

jbrown414 wrote:

http://economictimes.indiatimes.com/International_Business/Fidelity_to_cut_1300_jobs_this_month/articleshow/3686510.cms

My wife works for Fidelity Investments. They're looking to layoff 1300 employees. She says she's not worried but I am worried for her. She makes way more than I do.

Fidelity should lay people off (not your wife though), they have run my 401K into the ground! It is losing more than this terrible stock market. Good thing I don't mind working until I'm 90 and dying at my desk.

lol...yeah, my 401k is horrible right now...i'm just glad i didnt put most of my money into high risk options...

Diminutive

and those 401Ks are still going to charge you hefty fees! Don't you love having your money held hostage?

http://www.aarp.org/money/financial_planning/sessionseven/fees_fees_and_more_401k_fees.html

jbrown414

Thankfully, she doesn't work on the 401K side. Sadly, I was a 401K rep there for 9 months. 9 months of hell. Nothing but non stop calls with the majority being angry. It was my wake up call that made me realize IT was where I'd rather be.

phantasm

I'm getting the axe, my boss bought me some time so i could collect a check while i find another job though.

empc4000xl

phantasm wrote:

I'm getting the axe, my boss bought me some time so i could collect a check while i find another job though.

we could only hope to have the kinda boss you have.

LarryDaMan

I was hoping the "poor job market" was more perception and media hyperbole than reality, but grab a life jacket because this ship may indeed be sinking...