October Scare - 2000 Redux
What happens when you're a new publicly-traded company, and you announce that you're not going to meet the quarterly projections?
Stock free-fall.
* *Bad news*? Lay-offs and termination. 10 people at our site, about 10%.
* *Good news*? They fired some really useless people. Also, the only team mentioned in the meeting as doing _well_, was my team and my project.
Whew.
Still, it is scary-- like it's the year 2000 all over again. Strangely, I wore my defunct _dot com_ fleece jacket to work today. What a bad omen.
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From Only the Most Respected Minds
wrote on Oct 17, 2004 3:09 AM
That is scary.
I remember the two times it happned while I was there. No real warning, just pack your stuff and off you go.
I was lucky to have been relatively untouchable the during the first round (as a contractor) and then not being a crappy employee during the second round.
Glad to hear you survived.