This company is laying off 10,000 workers. That company ... Way too many layoffs, out of control, or is there too many rich company owners? What do you think?
The Economy
Are you one of the workers being laid off???
I dont think that this topic belongs in RB...
-----Moved to GD-----
If you're talking about the US (which I don't know that you are, since you could be in any other country), it's probably still the effects of 9-11. 😞
Hm....that's happening here too, because of a merger. Lotsa people are moving.
Sales here in the US are actually up from last year. The percentage of increase is what's down.
About the original statement:
Company owners deserve to recieve quite a bit of money from the company. But they should keep their workers satisfied. Is it worth making $1 million less a year to keep from laying off people if you already make $80 million? I think so.
The DJIA (Dow-Jones Industrial Average) has gone down for three consecutive years; the last time that happened was in 1941. Pretty bad, but it will bounce back.
I happen to live on the border between the two States with the biggest financial problems in the Country. I live in Washington, Five minutes away from Oregon. Things are so bad in Oregon that they may have to cut the School-Year short. And everyone in my school district is getting a day off on the 14th so that the teachers can go to the capitol and complain.