U.S. pink slips jump 71 percent

UPI ^ | 6 May 2003 | Al Swanson

[samuel_adams_us]

Well I think it's high time we hired those H1B folks and outsourced all of our government. They could be held accountable and the work would really get done!

[Mears]

Scary,isn't it? Good luck to your husband.

[lelio]

"Do they even have an understanding of GAAP accounting?"
Well they can learn on the job, since they get 1/4 of his salary. Miss next year's forecasts because of it? Well that's in the future so who cares?

[riri]

Good luck to your husband

Actually he is employed. But it certainly floods the market when it comes time to look again.

[Friend of thunder]

if you shift production overseas, you are overstaffed at home, even if your sales are increasing, if you don't get rid of some people.

I understand, my concern is that when business is down there is pressure to cut real numbers – not all jobs can be shipped off shore – then, if people are not careful, when demand comes back (as it always does), demand cannot be met, customer service lapses and, clients are lost. I realize this is not a problem for all industries. But service industries with a lot of specialized knowledge this can be a problem.

[Light Speed]

A comment concerning net working and new citizens.

Here in Calgary,Alberta Canada..we have a long history of oil patch relationship with U.S...so the money flows at times,drawing small business.

In my community..there are many from Lebanon,they work in the steel fab shops..some..but more are owner/operators.

So one guy drives a cab...and you find him at his buddies ..who owns a barber shop[Lebanese are pretty good Barbers]..then there is the grocery store[Lebanese]..and hey..there's that cab driver again.

Then a donair shop..and hey...the cab driver guy again.

They all network...support each other..send business each others way...

They succeed in business.

The Newly citizenized from India...same dynamic..with a add on as they will also manage a Liquor store.

[riri]

Well that's in the future so who cares?

You hit the nail on the head. The only thing that these corporations even think about are meeting the projected number for the next earnings release. You would think some of these guys have inside info that a meteor is going to collide with the earth when you see how short-sighted they are.

[lelio]

Eddie Bauer's closing down a call center near Seattle. Writeup here. I'm not sure where a call center rep is going to work next, as unemployment around here is pretty high. 365 jobs lost there, and 180 in their corporate HQ in Redmond.
Workers at the call center got 60 day notices, as required by the WARN act. At the HQ they aren't required to give notices, so those people were told on Monday and are out the door on Friday. Nice company.

[Euro-American Scum]

There is a lot of anger out there,not so much that jobs are being lost,that happens,but that good jobs are being shipped overseas.

And if it continues unabated through 2008, this issue will have traction for whichever liberal democratic (God forbid Hillary!) who chooses to use it.

[Euro-American Scum]

Now, we are hearing financial jobs being sent to India (American Express or Deloitte & Touche). My husband says "Do they even have an understanding of GAAP accounting?

They don't care if the offshore clods understand GAAP. They just want it cheap.

I guess it will be our turn next. Maybe we can come up with the $250,000 for a Subway franchise.

And who do you suppose will patronize your $250,000 Subway franchise? Perhaps a $5 an hour H-1B immigrant?

[Alberta's Child]

The Chicago-based recruitment company, which has tracked corporate layoff announcements on a daily basis since 1993, said Monday that 57,927 job cuts were in government . . .

I'm surprised that nobody has pointed out how this might actually be a good thing.

[riri]

and who do you suppose will patronize your $250,000 Subway franchise?

I know, believe me, I get it. I was joking. But seriously, I don't know how someone can make back their investment, pay the 2 grand a month lease fee and still make anything to live on. Especially, when there is a Subway, or a Blimpie or a Quizno's on every corner.

[Gary Boldwater]

Great tip, thank you!

[sakic]

There are, of course, incredible pressures – especially on publicly traded companies – to cut costs.

And yet somehow the CEOs and the members of the board of directors continue to draw salaries that spiral ever upward at a rate not to be believed.

[freedumb2003]

sneak in to fill the other jobs that americans will not take

Did I miss the "/ sarcasm" tag? The myth of jobs Americans won't take has been dispelled many times. Its the "jobs Americans won't take for $$" component, which in the aggregate is bad. I know we need profit for capitalism to work, but economic theory suggests that if someone can't run a business at pervailing wage, they should not be in business.'

[sakic]

The economy is doing fine

Which country are you referring to?

[Friend of thunder]

And yet somehow the CEOs and the members of the board of directors continue to draw salaries that spiral ever upward at a rate not to be believed.

Even when they fail.

That is a problem; I am concerned that if stockholders do not deal with it then the government may. And of course many of the major holders of companies are institutions. (I.e. mutual funds, pension funds, etc.) And they tend to be on the side of the CEOs.

This is not to say that there are not many CEOs who earn what they are paid, but it is hard to explain the high pay for some who are not producing results.

[crazykatz]

SUBWAY???? No way... you need to open an Indian Diner right across the street from some BIG American company that layed-off their thousands of American workers and hired H-1B visa workers.

Hey, you could even get an an H-1B visa Indian chef to come over from India and do the cookin'!!

Curry some favor$ from all those new immigrant$!!

[crazykatz]

Hey, read my post above this one!!