YAY! for corporate Greed

[Byte Stryke]

well a friend of mine is a Linux systems engineer for a local company. he has been there for many many years. he made just over 27/hr

He was issued his pink slip this morning, today is his last day. he was laid off due to "Restructuring."


I received a telephone this after noon from a head hunter for a Linux engineer, same company.
I thought WTF?...
so I took the technical aptitude test.. passed
the Position pays 13.75/hr
I have an appointment to finish the paperwork on Tuesday.

I Spoke with him and explained it... he said that they already knew it was happening. he's not mad at me but wishes the company had at least offered them the cut.



chalk another one up for corporate greed!
and yes I feel like shit...

[Sharpienads]

That sucks. Hope your friend finds work soon.

[Lex_Luthor]

Wow... What a shame.

I make $14.00/hr doing document control stuff, records management and conversion. I recently got a pay bump from $12.00/hr. But I'm a long term temp, no benefits or anything.

[DSB OUTDOORS]

That sucks for your friend! But I hope it works out for you!!! [Beer] So I don't have to pay you to fix my speelling misteaks!! [Tooth]

[Zombie Steve]

Chalk one up for corporate survival and being able to keep the lights on so they can still employ some people.

I'm sorry to hear about your friend, but a lot of companies are in a position where they've already cut out the fat, then some of the muscle, now they're down to the bone if they want to stay solvent. Is that greed?

[Bailey Guns]

Exactly. There's more than one side to a story.

[nogaroheli]

This reminds me of the movie Joe Dirt-
"this is a business, this is not a charity. You know, I mean maybe one day UNICEF will get into the impound business, but you know, until then, we're the people to see."
Sorry about your friend, but it sounds like if people are willing to do the same job for half the money the company probably had to do this sooner if later to stay competitive.

[tmleadr03]

Would have been nice if they had at least offered the pay cut to the previous guy.

[Byte Stryke]

yeah, they are keeping the lights on...

records profits in the last 2 qtrs and their stocks are up.


I'm afraid this is simply a situation of a corporation taking advantage of the currently unemployment situation.
Seems more and more companies are doing it.

Unless you are self employed... it could be your next

[Byte Stryke]

Would have been nice if they had at least offered the pay cut to the previous guy.


they wouldn't get the "proposed" tax cuts

[tmleadr03]

they wouldn't get the "proposed" tax cuts

This is what happens when the government gets too involved in the economy.

[MED]

13.75/hr for a Linux Systems Engineer?

I knew the economy was getting bad, but that is harsh. My friend, who is a Solaris Admin, makes 80k/yr. Now I know why she is in constant fear of layoffs.

The imports from India aren't helping the IT sector.

[Byte Stryke]

you thought it was bad when you got an overseas help desk...
the overseas help desk has been imported

[Zombie Steve]

yeah, they are keeping the lights on...

records profits in the last 2 qtrs and their stocks are up.


I'm afraid this is simply a situation of a corporation taking advantage of the currently unemployment situation.
Seems more and more companies are doing it.

Unless you are self employed... it could be your next

If their profits are up for their shareholders, it's because of the sum of a million daily decisions like laying off your friend. Companies are in business to make money. This is one way to stay in the black.

[Bailey Guns]

Would have been nice if they had at least offered the pay cut to the previous guy.

Agreed.

[Bailey Guns]

On the other hand, workers don't have a problem jumping ship and going to a higher paying job despite the investments in training and such companies put into them.

It works both ways. I've done it.

[Byte Stryke]

If their profits are up for their shareholders, it's because of the sum of a million daily decisions like laying off an entire department. Companies are in business to make money. This is one way to stay in the black.


Fixed.
we are talking about ~60 people

[StagLefty]

I'm getting $7.00 an hour less for the same type of work from a year and a half ago BUT I'm working. Sign of the times I'm afraid.

[SuperiorDG]

Would have been nice if they had at least offered the pay cut to the previous guy.

Here is how it works. If he takes the pay cut he can file for unemployment for the difference in pay. This difference comes from the employer's "unemployment fund" the gov. is holding onto. The more that comes out the higher your rate will be.

The former employer is only off the hook for this guy when he gets another job if he is laid off. With the pay cut he wouldn't want to look for a new job until the underemployment ran out.


On top of this the employer doesn't get the tax incentive for hiring the unemployed.

[Delfuego]

13.75/hr for a Linux Systems Engineer?Wow! Good luck with that...

[hatidua]

Capitalism, it's what our country is based on....for now. Not one astute business owner would pay $27/hr to an employee if they could get the same skill level for half that.

Either a person embraces capitalism and all it entails or they pine for socialism. There's isn't a lot of middle ground.

[Delfuego]

Either a person embraces capitalism and all it entails or they pine for socialism. Says the guy who lives in Boulder...[ROFL1]

An honest days pay for an honest days work; and a proud, strong middle class is part of what this country was based on. Not corporate greed parading around as "Capitalism"
[Smart]

[Byte Stryke]

I just hope allot of people remember this when they get dumped into the pool.



Suck: Applying for a job and being told that they stopped accepting resumes after the first 500.

Really Suck: costs for everything is going up, wages are going down.

[cstone]

Not a single post about needing a Union? [ROFL1]

IT work is such an iffy thing. I'm usually surprised when even large companies haven't completely contracted all but the most essential functions.

I hope you get the job Guy. I'm sure there will be another job for your friend. I hope it is better than the one he just lost.

$13.75/hour is about $5 more than the evil Walmart is paying. I know because I'm in the mirror practicing, "Welcome to Walmart!" "Thank you for shopping at Walmart!" [Flower]

[tmleadr03]

Not a single post about needing a Union? [ROFL1]

IT work is such an iffy thing. I'm usually surprised when even large companies haven't completely contracted all but the most essential functions.

I hope you get the job Guy. I'm sure there will be another job for your friend. I hope it is better than the one he just lost.

$13.75/hour is about $5 more than the evil Walmart is paying. I know because I'm in the mirror practicing, "Welcome to Walmart!" "Thank you for shopping at Walmart!" [Flower]

"Welcome to Walmart, I love you. Welcome to Walmart, I love you."

Z8zNsUTWsOc

[Byte Stryke]

Not a single post about needing a Union? [ROFL1]

IT work is such an iffy thing. I'm usually surprised when even large companies haven't completely contracted all but the most essential functions.

I hope you get the job Guy. I'm sure there will be another job for your friend. I hope it is better than the one he just lost.

$13.75/hour is about $5 more than the evil Walmart is paying. I know because I'm in the mirror practicing, "Welcome to Walmart!" "Thank you for shopping at Walmart!" [Flower]


I Applied to walmart... Overqualified.
Manager told me straight up that I had more IT experience than his entertainment dept manager...

wouldn't hire me.

[Rant2]

[JoeT]

same thing happened to me in 2008. The company I was working for "restructured" and let 5 of us go (maybe what they thought was overpayed or dead weight) I was replaced by someone making $15.00 an hour (I made $112k that year). The company saved over $75K in payroll just by replacing me, nevermind the other 4 people.

I was out of work for about 4 months before I went to work for a new competitor to the market. In 6 months I picked up over a million dollars in business from my old company.

So to save $75,000 in payroll commissions, they lost over $200,000 in gross profit.

I ran into the VP of sales at a "trade show" who commented on the damage I did while I worked for them...How I destroyed my territory, and was a horrible employee. A couple weeks later I was served with papers that I was being sued for violation of my non compete.

I was so bad I took most of my old territory with me when I went to another company[BooHoo]

[tmleadr03]

same thing happened to me in 2008. The company I was working for "restructured" and let 5 of us go (maybe what they thought was overpayed or dead weight) I was replaced by someone making $15.00 an hour (I made $112k that year). The company saved over $75K in payroll just by replacing me, nevermind the other 4 people.

I was out of work for about 4 months before I went to work for a new competitor to the market. In 6 months I picked up over a million dollars in business from my old company.

So to save $75,000 in payroll commissions, they lost over $200,000 in gross profit.

I ran into the VP of sales at a "trade show" who commented on the damage I did while I worked for them...How I destroyed my territory, and was a horrible employee. A couple weeks later I was served with papers that I was being sued for violation of my non compete.

I was so bad I took most of my old territory with me when I went to another company[BooHoo]

This is exactly the problem the company that the OP is talking about will face. You get what you pay for. They are trying to make due with the skill set of a 13 dollar an hour employee (Byte Stryke I am not attacking you) when they need a 27 dollar an hour employee. Either they will strike gold with Byte because somehow they will get the 27 bucks an hour work out of 13 bucks in pay or they will end up hurting themselves in the short and long term.

[Byte Stryke]

This is exactly the problem the company that the OP is talking about will face. You get what you pay for. They are trying to make due with the skill set of a 13 dollar an hour employee (Byte Stryke I am not attacking you) when they need a 27 dollar an hour employee. Either they will strike gold with Byte because somehow they will get the 27 bucks an hour work out of 13 bucks in pay or they will end up hurting themselves in the short and long term.

yes you are, fucker[LOL]


BTW when I was at ITT I made 28.87/hr as a Systems/Network/Security admin
so yeah I am already taking a huge cut just to get back to work.

[tmleadr03]

yes you are, fucker[LOL]


BTW when I was at ITT I made 28.87/hr as a Systems/Network/Security admin
so yeah I am already taking a huge cut just to get back to work.

Well, you read the rest of it so you realize what I meant by that. They are trying to fool themselves that they will get 27 bucks an hour work out of someone by paying them 13. With you, like you just pointed out they may have struck gold. Or you may take the energy you would put into the job to give 27 bucks worth of performance and keep looking for another job.

[Byte Stryke]

Well, you read the rest of it so you realize what I meant by that. They are trying to fool themselves that they will get 27 bucks an hour work out of someone by paying them 13. With you, like you just pointed out they may have struck gold. Or you may take the energy you would put into the job to give 27 bucks worth of performance and keep looking for another job.

I know... I was joking with you. You know, attempt at a humorous statement intended to provoke laughter for the purpose of socializing.

maybe you've heard of it?


[Tooth]

[tmleadr03]

I know... I was joking with you. You know, attempt at a humorous statement intended to provoke laughter for the purpose of socializing.

maybe you've heard of it?


[Tooth]

I wasn't issued a sense of humor. If the Marine Corps had wanted me to laugh they would have told me to.

[Zombie Steve]

On the other hand, workers don't have a problem jumping ship and going to a higher paying job despite the investments in training and such companies put into them.

It works both ways. I've done it.

Very true. Nobody complained in the dot bomb years, nor did they show any loyalty. It was all about getting the most they could for themselves (greed?)... which is exactly what the company in question is doing right now, so how can you fault them? Back then demand was high, supply of talent was low. Price goes up. Now, demand has tapered off and the talent pool is a lot higher. Downward pressure on wages.


Fixed.
we are talking about ~60 people

Sucks, but doesn't change anything I said.

[Hoosier]

Willing to relocate to Kalifornia?


Looking for a good senior sysadmin or two (and possibly a good junior sysadmin) in Palo Alto... be one of the first to see the Muppets movie this fall too! — at Disney Interactive Media Group.

H.

[Mobat555]

chalk another one up for corporate greed!


Few months back we lost one of the six people in our department, were told no raises (4th year in a row) and that we had to tight up on everything and a $75 increase in our monthly health insurance premiums (among other "cost saving" changes). The next day our internal fiscal report was released, we alone posted over 20% profits (5 mill budget, 7 mil revenue).

So it goes

[ChadAmberg]

Willing to relocate to Kalifornia?


Looking for a good senior sysadmin or two (and possibly a good junior sysadmin) in Palo Alto... be one of the first to see the Muppets movie this fall too! — at Disney Interactive Media Group.
H.

You know, a buddy of mine who works there just sent me the same job listing.

I know hosting.com is hiring a few IT folks in Denver, I've got a few contacts there (former owner + their IT auditor) I can pass a resume through if needed...

[SuperiorDG]

Willing to relocate to Kalifornia?



H.

Moving to another country is kind of extreme, don't you think?