The company is really hurting right now and it's because Employees are demoralized due to the constant layoffs or threat of layoffs. The constant changes that we keep being told are the new normal in this world are painful and distracting. If you want to blame anyone for missing our goals and especially around OE you need to look in the mirror. Start working to raise employee morale and stop distracting the workforce by creating constant fear of layoffs. The only way we can turn things around is to truly pay attention to our Human Energy and start to act as One Team. Right now it's management versus the rank and file. Only you can right the ship.
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@2jxz, I can attest 100% to the fact they’re keeping the STROKE price high. I’ve been stroked many a different way and direction by the company these past two years.
Just a reminder that your fellow rank and file employees are (99% of the time) not your enemy here. ELT and BOD are making decisions that are the antecedents to layoffs, plummeting stock price, miserable CIP, etc. Most of us are just trying to do our jobs. Make sure your anger is directed appropriately.
“The job of management is to … maximum profit”. This is very true, but there is a big difference between “Rockefeller” and “Larry the liquidator”… one builds an empire whilst the other eats the carcasses of the dead.
The job of management is to keep the stroke price high, maximum profit and making the company attractive for investment [ stock buy backs and dividends]. They have no other choice in general other than laying off high paying employees and replacing them with less experienced and lower salary employees. This has been the case in the past and it will be in the future. Unless you really add significant value to the company, your day will come to end once your salary and benefits gets to certain level that makes sense to give your position to someone who ca do the same job with less money. The management view is not about family situation or how much you might get hurt, they care about people as long as the company is in good shape,but their priority is not the well being of the employee morale or how many families may hurt during layoff, their number one goal is to ensure corporation survives and navigates through rough times.
If you work in a volatile industry where there is a lot of job turnover, and you do, then you should follow the following recommendations so that you do not fear getting laid off.
- Have a rainy day fund.
- Pay off your debts and mortgages.
- Learn new business skills that are applicable in other industries.
- Try to make smart and conservative investments.
These recommendations worked for me before I retired from the oil and gas business.
Did someone say “you are what you eat”?
Wow seems to be some people who prefer dictators and less than ideal conditions here. I'll never understand the people who are cool with layoffs that hurt families and poor working conditions when they are not management themselves. Why support the ultra rich when they are hurting people? They don't care about you. The argument of if you don't like this job then leave doesn't fix the problems here. One day the layoffs will come for you too.
The OP doesn't get it. Management isn't interested in your opinion nor do they care about your problems. If you don't like it then they'd prefer you leave so they can higher someone for less who will fall for their lies.
Lost cause. This place has been on a downward trajectory for the past 5 years at least.
What is this? Do you think it is Democracy? Wake up and get to work.
The company can’t function without the employee. It can function without the current management. Time to unite and overthrow!
MGMT: Yeah, right. The beatings will continue. Proceed.