CEOs Say Expect More Job Cuts

[Deja Q]

http://www.huffingtonpost.com/2009/04/07/ceos-say-expect-more-job-_n_184327.html


*sigh*

[Skittles]

1. only American workers will be cut though

[HughBeaumont]

2. America says "expect the economy to be shittier". The CEOs? Oblivious. Thumbs up their asses.

No jobs. No recovery. Plain and simple.

You tell me, you brilliant bean counter bastards of corporate Dumberica. You think any new business is magically going to pop out of thin air when you keep firing more and more people? Think you're going to sell your products to the unemployed, underemployed and terminally frightened? You think there should only be socialism for you and unbridled corporatist Invisible Hands crushing the rest of us?

Yeah. Good luck with that. I'll be over here trying to shit some gumdrops.

[Sen. Walter Sobchak]

5. what are these products you speak of?

Stupid child, money isn't made selling people products, money is made by us well garbed emperors selling each other etheral financial instruments!

[Fire1]

3. Thimgs ARE going to get shittier and guess who's gong to get

blamed?? If SOMETHING isn't done to bring these jobs back to the states this is REALLY going to get worse. Green jobs/energy is just ONE industry.

[Catshrink]

4. Costco is avoiding layoffs

As are other companies.

Some business make layoffs the last option

WASHINGTON--Even as the recession cuts deeply into their revenue, some companies are opting to do the unconventional: They're keeping all their employees and finding other ways to trim costs.

Their strategy isn't about mercy. It's built on the notion that layoffs bring high costs and hassles of their own.

Profits at Costco Wholesale Corp. are down 27 percent from a year ago, but the discount store has not laid off anyone. To trim costs, Costco imposed a hiring freeze at its corporate offices. But the company says it recognizes that labor remains its most valuable - if costliest - resource.

"We're certainly sharpening our pencil everywhere we can," said Bob Nelson, Costco's vice president of financial planning and investor relations.

http://www.azcentral.com/arizonarepublic/business/articles/2009/04/06/20090406biz-nolayoffs0407.html


Gawd I love Costco!

[The Straight Story]

6. I will just tell them I am too big to fail, and they will keep me on

:)

[OhioChick]

7. This is getting obscene. n/t