Thursday, January 29, 2009

70,000 More

That is right this past Monday another 70,000 job cuts were announced. How do people sleep at night. The sad fact to is that the folks who order the layoff add nothing typically to the value of a product. They don't make it and in many cases don't know much about it. All they know is that in their eyes people are no longer that but are now assets to be assigned value.

Somehow that task of assigning value to assets has become more important than the task of making something of tangible value. It is people like that are destroying the country but unfortunately they or their friends are also the people running the country.

Who do they think are going to buy their products or services after all the jobs have been shipped overseas. Well that is simple by that time they will have plundered the company and moved on. Bragging about how they cut costs. Gone forever are the days when someone started at the lowest levels of a company learned the business and then moved up. Today the story is go to college learn some theories from a college professor who has never done anything and then apply them to real life.

We need better values.

1 Comments:

Anonymous Anonymous said...

Jim, take it easy on those guys, after all I'm sure their stock options have been really hurt by the decline in the stock market.

And the guy from Citi Bank cancelled the order on his 50 million dollar corporate jet and the guy from Merrill Lynch sid he will pay back some of 1.2 million dollars he spent to remodel his office.

January 29, 2009 at 8:32 PM  

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