At my job, they fired the VP of engineering leaving just me (only a year removed from school) in development. They said it was because of poor performance and not at all due to the fact that he was overpaid and mney was tight. So I beleived them and a few weeks later bought myself a nice luxury car (as I had been planning to), discussing the matter with my bosses a number of times to see what cars they recommend - guy stuff. A week after I buy the car they tell me they can't pay me anymore. They intended to make it up to me as soon as they could, but they didn't know when that would be. I couldn't believe it. They gave me a false sense of security and let me go buy an expensive car when they knew that they couldn't pay me anymore. They were just too scared to confront me before I dumped most of my savings on a down-payment. I don't know if it's hubris or just poor people skills, but all of my experience in the working world has shown that the higher-ups are afraid or unwilling to be upfront about the company's financials. Maybe they forget who really keeps the company running - the employees.
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At my job, they fired the VP of engineering leaving just me (only a year removed from school) in development. They said it was because of poor performance and not at all due to the fact that he was overpaid and mney was tight. So I beleived them and a few weeks later bought myself a nice luxury car (as I had been planning to), discussing the matter with my bosses a number of times to see what cars they recommend - guy stuff. A week after I buy the car they tell me they can't pay me anymore. They intended to make it up to me as soon as they could, but they didn't know when that would be. I couldn't believe it. They gave me a false sense of security and let me go buy an expensive car when they knew that they couldn't pay me anymore. They were just too scared to confront me before I dumped most of my savings on a down-payment. I don't know if it's hubris or just poor people skills, but all of my experience in the working world has shown that the higher-ups are afraid or unwilling to be upfront about the company's financials. Maybe they forget who really keeps the company running - the employees.