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Shopaholic921
SUP..
Member since 10/05 5113 total posts
Name:
Brooke
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What a way to end the week... f this economy!!
My brother just found out everyone in his company needs to take a 20% pay cut. My sil doesn't work - she goes to school part time, and they have 3 kids...
When will it end?! 
I'm so thankful to have a job, but this economy makes me feel soo uneasy!!!
Message edited 10/24/2008 4:54:46 PM.
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Posted 10/24/08 4:52 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: What a way to end the week... f this economy!!
wow.. that's terrible.
i'm so sorry.
I hope there is an end in sight soon- I was watching CNBC and was shocked as to how many companies are laying of 5, 10, 15% or more of their work force!
I think Chrsyler is laying off like 25%
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| Posted 10/24/08 4:57 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: What a way to end the week... f this economy!!
Jesus!  
I just read that Chrysler is cutting 5,000 jobs!
there is no end it seems. 
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| Posted 10/24/08 4:57 PM |
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ko123
My loves!
Member since 10/07 3002 total posts
Name:
Kristin
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Re: What a way to end the week... f this economy!!
My fiance had to take a 10% pay cut as well...after they fired half the company. I was SO angry for him and I made sure to look into the legality of such a thing. And right before the wedding...awesome!!
I'm sorry for your brother...
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| Posted 10/24/08 4:59 PM |
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Shopaholic921
SUP..
Member since 10/05 5113 total posts
Name:
Brooke
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Re: What a way to end the week... f this economy!!
a couple of weeks ago my mother had to take a 20% pay cut too, but she also got to work 1 less day a week... so she's ok with it..
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| Posted 10/24/08 4:59 PM |
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photoshopbabe
wow....
Member since 5/07 2197 total posts
Name:
linda
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Re: What a way to end the week... f this economy!!
last week i was fired-along with more than half my company...in a way, im sort of GLAD-bc i wanted to do something else anyways...but all around, it sux!!!
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| Posted 10/24/08 6:12 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: What a way to end the week... f this economy!!
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| Posted 10/24/08 6:22 PM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: What a way to end the week... f this economy!!
My company just went through a HUGE layoff this week, so many people lost their jobs.
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| Posted 10/24/08 6:24 PM |
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JRG71
*****************
Member since 5/05 5025 total posts
Name:
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Re: What a way to end the week... f this economy!!
Goldman Sachs just cut over 3000 jobs.
I am offically unemployed.
It's only going to get worse.
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| Posted 10/24/08 7:09 PM |
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Phyl
R.I.P. Sweet Mia ♥
Member since 5/06 28918 total posts
Name:
The Mystical Azzhorse! ™
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Re: What a way to end the week... f this economy!!
Posted by photoshopbabe
last week i was fired-along with more than half my company...in a way, im sort of GLAD-bc i wanted to do something else anyways...but all around, it sux!!!
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| Posted 10/24/08 7:30 PM |
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emilain
UNREAL!!!!!!!!
Member since 5/05 4457 total posts
Name:
Mama
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Re: What a way to end the week... f this economy!!
wow!! I am knocking on wood, but thank god my husband has never been busier (I feel guilty saying this when everyone around us is freaking out), it must be so scary, I could not imagine.
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| Posted 10/24/08 8:25 PM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: What a way to end the week... f this economy!!
Posted by JRG71
Goldman Sachs just cut over 3000 jobs.
I am offically unemployed.
It's only going to get worse.
that sucks, I am sorry
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| Posted 10/24/08 9:28 PM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: What a way to end the week... f this economy!!
I'm sorry
Unfortunately, it is going to get A LOT worse.
I teach a college Eco course and was meeting with one of the professors yesterday. I first saw him a month ago when all of this first hit. He has 30+ years teaching, studying and writing economics.
He said, "It's the WORST numbers he has ever seen in his entire career"
Best case scenario, "It will get much worse but improve by next summer."
Worst case, "Things will get MUCH WORSE and will be bad for three years or so."
Last week my BIL lost his job after 17 years with the company. He has 3 kids, his wife works but she makes a fraction of what he did. They live in WI. My IL's are worried sick.
Three days later, my DH was called into his boss's office, 20% of the company laid off this Monday, the rest had to give back 5% of their salary, office closed w/o pay for 5 Fridays btwn now and the end of the year, commissions will be delayed an additional 90 days out.
My other BIL, Harvard Law and partner in a top Boston Law Firm... his firm will be laying off
Thank God, I went back to work this year and have a recession proof job. Although, contract negotiations next year will not be fun.
It's really, really, really, bad out there. Now is not the time to quit or ask your boss for anything.
It's a lot worse that the recession of the late 80s/early 90's and most poster on this board are too young to really remember it. DH graduated in 90 and it took him two years to find a "real" job.
You will hear a lot more stories and a lot more people WILL be affected, it just hasn't hit yet but the numbers say it's coming.
Expect A LOT of layoffs in every industry by the end of this fiscal quarter
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| Posted 10/24/08 10:21 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: What a way to end the week... f this economy!!
Oh no Brooke - how horrible
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| Posted 10/25/08 8:40 AM |
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