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-   -   Life NFT: The economy, the recession and your job. (https://chiefsplanet.com/BB/showthread.php?t=200921)

Abba-Dabba 01-24-2009 08:36 AM

Quote:

Originally Posted by Fat Elvis (Post 5421236)
If you are caught on a Segway, "win" is never part of the equation....

That's what the people say when they can't afford one.

Nothing but pure awesomeness
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tmax63 01-24-2009 09:50 AM

I'm with the government and I'm here to help............ Actually I'm a civilian working for the Army (GS) and I'll hit a combined 25yrs of service in about a year and a half. I'm also prior service (12yrs in the Army) so short of getting caught stealing or doing drugs I'm about as safe as it gets. My cost of living increase for this year was 71 cents an hour.

KC Jones 01-24-2009 09:50 AM

I'm in a Financial Services company :doh!:

However I feel pretty secure. We sold half the company last year that was health insurance to focus on our retirement services record keeping (that's the part I work in). We're flush with cash from the sell and looking to buy up stuff on the cheap as banks fail or are in trouble and need to sell off their record keeping services. We're also one of the cheapest in the market so when companies look to save money we may get more business.

Now the company has been going through a layoff of various corporate staff since we just sold half the people they used to support but since our division is the new focus we are out of scope. There is some impact though. The companies revenue is partly tied to assets managed and since the market tanked that number has gone down. Also management is using the tough economy to squeeze people a little more. I'm not planning on much of a bonus or raise this year.

Buehler445 01-25-2009 09:30 PM

I work in Internal Audit for Cabela's. The company had their first ever layoff in October. It was pretty weird to sit through. Fortunately I survived it. Unfortunately, I had to audit it.

As of now, Cabela's is doing shitty, just like everything else. I haven't seen the YE numbers, but I hear it isn't as epic fail as most of the rest of the year. Q4 is typically ginormous for us. I talked to my boss about another layoff and she stated that she has not been contacted about one yet. She said that means there isn't going to be one, or she's the one getting shitcanned ROFL. I have reason to believe I should be OK. I have the highest education level of anyone in the department and haven't received any criticism other than just the constructive type stuff relative to any aspect of my performance, whereas a few others, aren't necessarily doing quite as well. Additionally, I do work for our external auditors who charge $180/billable hour + travel, accomodations, etc. So in reality, I probably pay my own salary a few times over.

But, I'm 25, a man, and white, so that probably equates to first out.

I'm crossing my fingers for a turnaround soon. There are contingencies I have in place, but I really don't want to screw with it.

The Bad Guy 01-25-2009 09:34 PM

I'm a special education teacher in VA. I'm moving back to PA in July with the wife to live more comfortably when the baby arrives in August, and be closer to our families.

The district down here is freezing pay increases. I started sending out my applications for employment in PA for the 2009-10 school year.

Hopefully I don't run into any trouble.

Saulbadguy 01-25-2009 09:44 PM

Work for the Government. Anxiously awaiting President Obamas stimulus package, we will be swimming in $$$ after that passes.

However, i've had to absorb a couple jobs that went unfilled, but that just made my job closer to "real life" rather than sitting around doing nothing for 6 of the 8 hours of the day.

Rain Man 01-25-2009 09:54 PM

Quote:

Originally Posted by Bugeater (Post 5421147)
I just got the best job I've ever had in my life a few months ago, I'll be pissed if the economy ****s it up for me.


Obama? Is that you?

Iowanian 01-26-2009 10:06 AM

I'm living the dream....doing whatever I have to do to make things work.

rockymtnchief 01-26-2009 10:49 AM

For now, my job is pretty safe. I cover a county and a half as a phone/internet combination tech. Each week I get more and more work piled on me. But in a couple years my area is getting upgraded to fiber to the home and the trouble calls will be cut way down. Then I could see my exchange getting absorbed by another. The bright side is that a few of the older guys are about to retire so I can probably move laterally in the company to a new area.

DJ's left nut 01-26-2009 10:52 AM

Quote:

Originally Posted by KC Jones (Post 5422340)
I'm in a Financial Services company :doh!:

However I feel pretty secure. We sold half the company last year that was health insurance to focus on our retirement services record keeping (that's the part I work in). We're flush with cash from the sell and looking to buy up stuff on the cheap as banks fail or are in trouble and need to sell off their record keeping services. We're also one of the cheapest in the market so when companies look to save money we may get more business.

I know it sucks when the higher ups freeze raises, etc... but it sounds like your mgmt team has a pretty good head on its shoulders. Maybe it backfires, but if your company has always been strongest in retirement services, selling off the weaker part to get capital that can be used in a down market is a great approach.

You make most of your money when there's blood in the streets. Companies with forward thinking leadership will be in exceptional shape in 12-18 mos.

memyselfI 01-26-2009 11:23 AM

Sprint announced another 8k layoffs nationwide today. That should hit the KC area pretty hard, unfortunately. Home Depot annoucned a bunch as well. :eek:

kepp 02-05-2009 11:09 AM

Quote:

Originally Posted by Saulbadguy (Post 5426543)
Work for the Government. Anxiously awaiting President Obamas stimulus package, we will be swimming in $$$ after that passes.

Quick question about this. I have my taxes ready to file but I'm not sure if I should wait for the stimulus package to get hashed out/passed in congress. Does it propose tax credits or a stimulus check like we got in 2008? If its a tax credit I would want to wait to file, right?

Jilly 02-05-2009 11:16 AM

I'm good. Apparently God is a hot commodity in the midst of crisis

mikeyis4dcats. 02-05-2009 11:22 AM

wow, wasn't aware we had so many of us working in commercial construction around here.

Topeka's always been slower in growth than the KC area and other regions, and we've seen some more dropoff beyond that. Luckily we do a lot of gov't work and plant maintenance, so those are both still going okay. I've got more senority that 2 others here, so I think my position is pretty safe if they make any cuts. And obviously they won't get any work if they get rid of all of us.

rad 02-05-2009 11:24 AM

Quote:

Originally Posted by kepp (Post 5460279)
Quick question about this. I have my taxes ready to file but I'm not sure if I should wait for the stimulus package to get hashed out/passed in congress. Does it propose tax credits or a stimulus check like we got in 2008? If its a tax credit I would want to wait to file, right?


HAHAHA, you file taxes.


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