Archive for the ‘Layoffs Schmayoffs’ Category
If people’s comments on this blog are any indication (and they are), it’s really rough out there. Really, really rough.
Educated, bright, hard-working, do-everything-right-their-whole-life types are finding themselves out of work. Some for different reasons than others.
Some might be “too smart.”
Some might not have experience (employers love that word, don’t they?).
Some might be overqualified or have “too much” experience.
Others might live in areas that are even more economically depressed than other areas of the country and job prospects are nill.
Regardless, you are still making purchases.
You still have to replace things that broke in your home from Lowe’s or The Home Depot.
You still have to buy dress pants or a suit (because your current suit pants that you have split when you sat down for your job interview).
You still try and buy people birthday gifts, baby shower gifts, etc. from Target, the Home Shopping Network, QVC, Babies R US, Nordstrom, etc.
If you’re lucky, you might even book a vacation through Orbitz, Hotels.com, The Holiday Inn, etc.
During tough times, it makes sense to SAVE AS MUCH AS POSSIBLE, right?
Well, I have GREAT news.
There is a way to save money by making purchases at your favorite online stores.
Best Buy, Barnes and Noble, Sears, Disney, Avon, Walmart, Pro Flowers, Sony, Netflix, or whatever store you fancy — you can save money!
How? Through Ebates! All you do is create a FREE and SIMPLE account through Ebates and viola, you’re done!
You find your favorite store on the Ebates site, click a link, and you appear right on your favorite store’s website.
The best part? You can earn from 2-20% back on each purchase for simply doing nothing! You get money back just for clicking a link through Ebates and going to your favorite store’s website.
Don’t be stupid. Save where you can. You have to check this out.
P.S. Between my fiance and I, we got checks back for well over $300 in less than a year for simply using Ebates for everyday online orders. That’s $300 more in your pocket for NOTHING!
Disney has reportedly laid off 1,900 executive, management, and professional positions related to their theme parks in California and Florida according to the Orlando Business Journal. A total of 1,400 positions were cut from the company’s Central Florida resort while the remainder were associated with the company’s California park.
Smith Travel Research, which tracks hotel performance around the nation, noted a 26 percent decline in Orlando-area hotels during the last week of March. This just happens to be the greatest decline in the nation. What’s most troubling to tourism officials is that the industry relies on the first four months of the year for much of its annual revenue.
To make up for the loss, all Disney has to do is extend their Hannah Montana aka Miley Cyrus branding. What about a Hannah Montana’s leg shaving kit? Or Hannah Montana deodorant? I’ve only been inside a Wal-Mart once so I can’t testify but I assume they probably already have these products. You get the gist, though.
The General Motors layoffs have begun as the company began slashing white-collar jobs, according to the New York Post.
This morning (Tuesday), GM told 160 people at its manufacturing engineering operation in Warren, Michigan that they would be laid off as of April 1st. This first round of cuts is the beginning of 3,400 salaried layoffs the company has planned in the United States and part of the 47,000 worldwide cuts GM wants to have by year’s end. GM also plans to cut 18,000 blue-collar workers by the end of 2009.
GM has been living off of $13.4 billion in government loans amidst requests for another $16.6 billion dollars to maintain viability and stay afloat.
Hooray for layoffs!
Yahoo! News is reporting that the United States’ unemployment rate hit 8.1 percent in February as employers cut 651,000 jobs. The unemployment rate is the highest it has been since 1983.
The economy lost 681,000 jobs in December and another 655,000 in January. The number of unemployed in the US hit 12.5 million and the number of people who work part-time as they are unable to find full-time work hit 8.6 million. Furthermore, according to Yahoo! News, the hardest hit were blue and white-collar workers, those without a high school diploma, and those that are highly educated.
No wonder why I can’t find a job!
Zales, a well-known jewelry retailer, announced the closure of 115 stores yesterday as part of a drastic expense reduction plan. The company contends that the store closures are those stores that have had consistently poor sales.
In addition to store closings, the company is also cutting capital spending by 65 percent and recently cut 245 jobs.
Diamonds are a girl’s best friend only when a guy can afford them!
Like Coach, luxury goods retailer Neiman Marcus announced this past week that it will cut 450 jobs and that salaried employees will take a pay cut.
The company also announced that it will announce a loss in the recently completed quarter. Most shocking is that this is the first loss during the Christmas shopping period that anyone within the company can remember.
This past January, the company cut 375 jobs due to plunging sales.
According to The Wall Street Journal, famed leather-good retailer, Coach, has announced that they have laid off 150 corporate employees as the economy shows few signs of improving. The cuts account for 10 % of the company’s corporate staff of 1,500 and were made across all business units.
The company is also taking other measures to control costs by deferring technology investments, eliminating merit-based wage increases, and slowing down brand expansion by opening fewer stores.
Coach is also attempting to appeal more to price-conscious consumers by discounting bags and pressuring vendors to reduce prices but not quality.
Guess I won’t be finding a job with Coach!