Posted on 09/30/2010 11:39:35 AM PDT by John David Powell
“We moved to New Mexico for my wife’s job, and I needed eighteen months to land mine. Two years later, my wife took a job back in Texas, and I was once again looking for work.”
Pretty much “Game over” for this guy from here on, hayna? Or no?
From the article: “....Many organizations, particularly state agencies or universities, try to place RIF employees in similar jobs. Not mine. No, it has riffed about 100 positions in the past year, saving about $10 million of its nearly $1 billion budget. One hundred lives and families forced to face their greatest economic fears during the worst downturn since the Great Depression just to save one-tenth of one percent in salary and benefits.....”
So, saving about $10 million in salary and benefits for state agencies for unnecessary jobs is a bad thing? The money comes from the taxpayers, correct? I think unemployment benefits run quite a bit less than $100,000 per year per person. What am I missing?
“One hundred lives and families forced to face their greatest economic fears during the worst downturn since the Great Depression just to save one-tenth of one percent in salary and benefits”
So the company should have kept them all on just for the heck of it?
I’ll save my tears.
The world could do with less PR guys anyway.
I agree with the poster. Your math needs to be checked.
Good for you!
The measure of a man is not how many times he gets knocked down. It’s how many times he gets back up!
According to this LinkedIn Profile, Mr. Powell worked at the University of Houston. I would not think that's a State Agency.
As for the bad math our author has (speciously?) used, the one percent (his figure) reduction of what I suspect is GROSS revenues would actually be a very attractive when compared with the NET revenue.(I don't think the University of Houston is a state school, btw)
Yes, error in editing. Started out with one figure, changed to the other, but original not deleted. Will fire the editor. And, yes, we regret the error.
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