The (unnamed) company I work for just went through its fifth (sixth? seventh?) round of layoffs yesterday, and while some chaff was definitely culled, some very talented wheat went with it. We're in recession, I know, and all businesses are suffering, but let's take a few things into account here:
-- We took a company-wide survey about a year ago to see how our employees felt about the company. For the most part we were a happy bunch, but overwhelmingly we felt that leadership was aimless and did not communicate with us. We were given many promises that our concerns would be addressed. All well and good.
-- The new head honcho of our group, who is so dedicated to our cause that he allows the company to fly him to and from his home on the east coast every week. (Clearly, he plans to stick around and enjoy the prosperity he's creating for all of us.)
-- Our new leader told us that he's not happy with the profit my division is making. It's simply not enough. For him to be happy, he says, he wants 150% profit on every product we sell. Recession aside, what product reaps such profits? Cocaine, maybe.
-- Finally, our concerns about leadership were addressed, by firing everyone at the top and replacing them with friends of our new leader, complete with guaranteed 100% bonuses per year and very impressive golden parachutes -- even though none of them have any experience in our business.
-- One of these new leaders, after telling us we should commit all of our resources toward jumping on a trend that is already monopolized and also probably on its last legs of growth, told us WE should define the direction of the company. (He doesn't want to be a tyrant.) Thanks, that's leadership for sure!
-- We were told in a meeting, shortly after another round of layoffs were announced, that we had a crapload of capital (something like $175M in liquid funds), so we shouldn't worry. We could acquire pretty much any company we want! (I'm sure that reassures the stockholders, but all it did for me was make me walk out of the meeting.)
-- Last, but definitely not least, is the fact that the division we're hinging our future on has not made enough money to pay even ONE of its current employees, yet it's expanding so quickly that I see a face I don't recognize nearly every day.
This is capitalism at work, as far as I can tell. There are a bunch of rich guys who all know each other, who move in and get hired on at ailing companies, then ride the plane until it runs out of gas in midair. Then they bail out together, leaving the employees that they personally shook the hands of -- once -- to plummet safely into the ground. Then they move on, looking for another joyride.
Even though I still have a job -- for now -- I can't help resenting this reality. Are there companies out there that actually give a shit about the people who work for them? I thought this was one, until I looked up and saw the vultures circling.
America's new slogan: Fuck You if You're Not Rich!
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