Here come those layoffs

[eureka1]

Tried to rep ya, Montclair. Good posts.

[Phil306]

I wonder why all these other employees aren't offering up:

Pay cuts
Pay more for their benefits

So all those people don't get laid off? Pretty greedy these non union, private sector folk.

[roadwarrior101]

Originally Posted by Phil306

I wonder why all these other employees aren't offering up:

Pay cuts
Pay more for their benefits

So all those people don't get laid off? Pretty greedy these non union, private sector folk.

Because it kills morale and productivity for everyone, as opposed to the smaller subset of people that get laid off. Look at what happened at HP when they cut salaries.

[yeahthatguy]

Originally Posted by roadwarrior101

Because it kills morale and productivity for everyone, as opposed to the smaller subset of people that get laid off. Look at what happened at HP when they cut salaries.

This point is true, I think Cisco already did this (cut pay increases/benefits/etc) to some extent though back in 2010 or 2009...

HP is next in the layoff pipeline or so my sources tell me.. Also, from sources at Cisco, morale is in the drain on the layoff cuts.. Many are pre-planning an exit ahead of potential layoffs and others will probably leave after the cuts are made as the cuts from times past and most probably present wont be of the real clown wagons : management. Tons of discussions over at dice/glassdoor and several other insider blogs. It's a real circus (the details of this matter). I expect it to be in the news for some time once the hammer drops (expected to be the biggest layoff in recent time) and people begin talking about the things that went on at the company... Definitely expect lawsuits.. There are already (2-3) prime-time lawyers lined up.