Thread regarding International Paper Co. layoffs

122 people laid off at corporate IP yesterday.

22 conformed names in memphis IT alone. Additional business units affected including redundant managers or managers of managers.

Right before the holidays.

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Confirmed. 38 accounts disabled in AD for the I.T. side. The Fall Festival was cancelled in late October. No funding for offsite activities allowed per the norm this fall either. Capital freeze is on.... But don't worry about IP... Worry about your portfolio.... Smart money is getting ready for something big in the markets. IP did well in 2008 and post 9/11 due to moves like this.

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