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October 29, 2005
More layoff details
It turns out that Wednesday's layoffs amount to more than 10% of employees. On Thursday the manager-type who announced the layoffs got promoted to vice-president. Bet he gets a nice bonus for making budget too.
But he might as well enjoy it while it lasts, because BT is running the company into the ground and I doubt it'll last long. Now I'm not a business-type, but it seems stupid to me to get rid of a steady and consistent moneymaker in favor of trying to grab high-profit but risky consulting jobs. Especially when you're going up against bigger name competitors who apparently charge less (to hear this manager tell it). You decide: do you award your project contract to IBM at a lower rate, or something called "BT" at a higher one?
Sheesh. Now I understand the BT logo (if you click the link, it's in the upper left corner): it's pies in the sky.
Permalink | Posted by Joe at October 29, 2005 04:00 PM