Making $4 Billion in one quarter isn't much a decline. Looks like layoffs were induced by greed, so that executives stocks options go up. It would be interesting to see if some of those 4000-5000 employees use linux as a platform for a technology startup.
On the bright side if I were laid-off I'd have plenty of time to juggle.
It is typical corporate house cleaning. During a bad economy, even a profitable business is justified in laying off under performing (subject to opinion of management) personnel using the disguise of cost savings.
You have a lot to learn about how Wall Street works. Being profitable is not enough to keep stock prices high. Brokers and analysts come up with figures (sorry for the ads) that corporations have to meet or exceed for fear of a massive sell-off.
As a result, corporate executives often order massive layoffs in order to meet these expectations made by Wall Street to keep the value of their stocks high.
Exactly.
When X company decides to go public, it is much like borrowing money from the mob. No matter what, they want their money.
Remember Goodfellas?
"Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. Place got hit by lightning huh? Fuck you, pay me."
Nextel/Sprint had an inferior cell tower technology and was forced to place the towers at a closer proximity than most other carriers. It's not inferior technology; more of being designed to work that way. The design allows for very simple capacity and coverage enhancements (however, applicable to CDMA, not iDEN).
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Making $4 Billion in one quarter isn't much a decline. Looks like layoffs were induced by greed, so that executives stocks options go up. It would be interesting to see if some of those 4000-5000 employees use linux as a platform for a technology startup.
On the bright side if I were laid-off I'd have plenty of time to juggle.
It is typical corporate house cleaning. During a bad economy, even a profitable business is justified in laying off under performing (subject to opinion of management) personnel using the disguise of cost savings.
You have a lot to learn about how Wall Street works. Being profitable is not enough to keep stock prices high. Brokers and analysts come up with figures (sorry for the ads) that corporations have to meet or exceed for fear of a massive sell-off. As a result, corporate executives often order massive layoffs in order to meet these expectations made by Wall Street to keep the value of their stocks high.
Exactly. When X company decides to go public, it is much like borrowing money from the mob. No matter what, they want their money. Remember Goodfellas? "Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. Place got hit by lightning huh? Fuck you, pay me."
Bike to work. (Make living close enough to bike a priority.)
I want to start doing, but I work in an office where they'd care if I came to work sweaty and stinky. What's the solution to this?
Baby-wipe shower.