Frightening layoff figures.

Chardok · Post by **Chardok** » 2004-01-29 12:46pm

http://seattlepi.nwsource.com/business/layoff.asp

Look at the third from the top. Look at the Since date, too.

*cringe*

Einhander Sn0m4n · Post by **Einhander Sn0m4n** » 2004-01-29 01:25pm

There's an 8 Month waiting period for finding a job here in New Orleans. It's Mardi Gras Turista Season, too, so that should tell you something. Worse: that includes McJobs too! Somehow I get the feeling we'll see Hooverville if this damn stagflation (economy stinks yet prices go up explosively anyway) keeps up...

RedImperator · Post by **RedImperator** » 2004-01-29 06:53pm

This really belongs in N&P. Going up.

Hamel · Post by **Hamel** » 2004-01-29 07:04pm

Einhander Sn0m4n wrote:There's an 8 Month waiting period for finding a job here in New Orleans. It's Mardi Gras Turista Season, too, so that should tell you something. Worse: that includes McJobs too! Somehow I get the feeling we'll see Hooverville if this damn stagflation (economy stinks yet prices go up explosively anyway) keeps up...

I live in one of Ohio's poorest counties. I've been looking for a job for months and havn't found anything, and "anything" also includes fast food. When they do hire, and it's not often, they have thousands of applications backlogged. Worse, our only major local business, Mill's Pride, is rumoured to go out of business in a few years, if that.

The situation is so bad, I've applied to places up in Dayton which is two hours away.

Galvatron · Post by **Galvatron** » 2004-01-29 08:56pm

Is this a sign of the Peak Oil problem?

theski · Post by **theski** » 2004-01-29 09:02pm

Galvatron wrote

Is this a sign of the Peak Oil problem?

Ummmmmmm *Austin Powers* " NO SCOTT"

its about Seattle booming with High tech now busting with high tech

it happened in Boston and the rest of Tech world

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-01-29 10:42pm

My area is just as bad. It is amazing how strongly the housing market is holding up considering how few companies are hiring and how wages have not kept pace.

Yesterday on the radio they said to afford the median prices home you have to be making $124,000 / year. WTF!

I've been without a permanent job since Oct 2002. I am working but Im a temp. Its been a rough, unhappy time, I so wish I had never bought my condo when I did. I would have had lots of money to travel around and even go to school if I wanted.

EmperorMing · Post by **EmperorMing** » 2004-01-29 10:45pm

This is scary.

Shaidar Haran · Post by **Shaidar Haran** » 2004-01-29 11:37pm

Chardok wrote:Look at the third from the top. Look at the Since date, too.

*cringe*

Why is that so suprising? It appears that's a stock brokerage which if you haven't noticed has taken repeated hits.

And of course as theski pointed out, the tech revolution went bust and is still a black hole.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-01-30 12:04am

Shaidar Haran wrote:
Chardok wrote:Look at the third from the top. Look at the Since date, too.

*cringe*
Why is that so suprising? It appears that's a stock brokerage which if you haven't noticed has taken repeated hits.

And of course as theski pointed out, the tech revolution went bust and is still a black hole.

Washington Mutual is a bank and mortgage company. An industry Chardok is very familar with.

If the housing market in the US starts to deflate, it can have really dire consequences for all. Less equity means less home improvement projects, that means less consupmtion at places like Home Depot, etc.

theski · Post by **theski** » 2004-01-30 07:56am

TrailerParkJawa wrote:

Washington Mutual is a bank and mortgage company. An industry Chardok is very familar with.

If the housing market in the US starts to deflate, it can have really dire consequences for all. Less equity means less home improvement projects, that means less consupmtion at places like Home Depot, etc

All are affected by a concentrated Income base *tech* when that dries up the rest are just dominos

Chardok · Post by **Chardok** » 2004-01-30 08:45am

They just laid off about 100 people here in Jacksonville (They were informed yesterday). Their last day will be march 31st. I'm safe until at least July, they may not get rid of the callcenter here at all, but *ugh*. kinda hit close to home. Time to update the old resume', just in case.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-01-31 09:48pm

Chardok wrote:They just laid off about 100 people here in Jacksonville (They were informed yesterday). Their last day will be march 31st. I'm safe until at least July, they may not get rid of the callcenter here at all, but *ugh*. kinda hit close to home. Time to update the old resume', just in case.

Hopefully everything will be okay. Im just starting to recover from my layoff. The shitty thing is, some of the biggest assholes who got the axe the same day as me found work literally weeks later. Some of the nicest folks are still unemployed.

I passed on a job in the mortgage industry this summer, because I was afraid lay offs were around the corner. I think I made a right move for once.

Howedar · Post by **Howedar** » 2004-02-01 12:02am

My dad works for the US Department of Energy. The research site employs about 85 people. A few weeks ago, 83 of them received notice that their jobs might go to independant contractors. So now they're all holding their breaths that some damned fool doesn't decide to contract everything, which in the past has about doubled the total cost of work. Oh, but that's not important, cause we're shrinking government!

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-02-01 03:28am

Howedar wrote:My dad works for the US Department of Energy. The research site employs about 85 people. A few weeks ago, 83 of them received notice that their jobs might go to independant contractors. So now they're all holding their breaths that some damned fool doesn't decide to contract everything, which in the past has about doubled the total cost of work. Oh, but that's not important, cause we're shrinking government!

Contracting out work often costs more in the long run, but in the short run it looks good on the books. I'll never do contractor work again unless it pays a lot. Im going to get reamed on taxes.

Howedar · Post by **Howedar** » 2004-02-01 03:49am

Actually, it will look bad even on the books if you look much at all. Federal govt employees don't get paid shit.

Only a cursory glance that saw federal payrolls decreasing wuold suggest any savings.

Chardok · Post by **Chardok** » 2004-02-02 11:35am

Update, 205 people laid off, I'm not affected, and the callcenter here remains an integral part of of the business model. *whew*

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-02-02 10:29pm

Howedar wrote:Actually, it will look bad even on the books if you look much at all. Federal govt employees don't get paid shit.

Only a cursory glance that saw federal payrolls decreasing wuold suggest any savings.

Actually I know some people on DOE payroll, they far exceed corporate pay now days. There are too many people in the corporate world looking for work so wages are depressed. You know its bad when you get both better benefits and wages as a govt employee.

Howedar · Post by **Howedar** » 2004-02-02 11:35pm

Wow, what section of the DOE? My dad is a metallurgical engineer and he's making about $50K/yr plus shitty benefits.

Howedar · Post by **Howedar** » 2004-02-02 11:35pm

After 20 years in federal employment, I might add.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-02-03 12:55am

Howedar wrote:Wow, what section of the DOE? My dad is a metallurgical engineer and he's making about $50K/yr plus shitty benefits.

Some of programs at Lawrence Livermore, but you have to remember that the wages are adjusted for local cost of living. 50K here is just barely enough to rent a 2 bedroom apt.

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Frightening layoff figures.

Frightening layoff figures.

Re: Frightening layoff figures.

Re: Frightening layoff figures.