Layoffs at my wife's work today

Kinja'd!!! "davesaddiction @ opposite-lock.com" (davesaddiction)
04/08/2019 at 08:58 • Filed to: None

Kinja'd!!!0 Kinja'd!!! 22

She found out on Friday that she’s safe, thankfully, but still uncertain about some of our friends who work there. I’ve been through it a few times, always a shitty day ... Apparently her boss is “on the list”, so it’s going to be a weird/stressful few months while things shake out and order is reestablished. Sounds like she’ll be the de facto head of the department for the short term (not sure if it’s a job she actually wants in the long term). 


DISCUSSION (22)


Kinja'd!!! Dru > davesaddiction @ opposite-lock.com
04/08/2019 at 09:14

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It’s baffling to me that, with the economy on such a tear, I am hearing so much about layoffs, cutbacks, etc.  It’s like Schrodinger’s economy. 


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/08/2019 at 09:22

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Is your wife in the oil industry? 


Kinja'd!!! davesaddiction @ opposite-lock.com > Dru
04/08/2019 at 09:27

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She works for a public company, and this is more the result of decisions by management to grow the company too big and spend too much in certain areas. Related to their peers, their costs are deemed too high and their debt load it too big. Unfortunately, when you work for a corporation, it’s not necessarily about making money, it’s about keeping the market/investors happy when it comes to how big your profits are and how quickly you’re growing . When I worked for a public company, it was ridiculous how much work we would do purely to try to convince the market our value was greater than our stock price showed (these efforts never actually worked).


Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/08/2019 at 09:28

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Yup. Ride the wave...


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/08/2019 at 09:29

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I don’t miss stressing about having a job or not. 


Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/08/2019 at 09:31

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Yeah, that’d be nice.

Even when things are good , they’re “good , for now”.


Kinja'd!!! phenotyp > davesaddiction @ opposite-lock.com
04/08/2019 at 09:37

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Brutal, regardless the size of the company, and who stays and who goes.


Kinja'd!!! facw > Dru
04/08/2019 at 09:38

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My company has had four straight years of annual layoffs. We’re in retail though, so it isn’t really even remotely shocking (especially since we are extremely limited in what we can do online due to concerns about undercutting brick and mortar, made especially acute by the fact out senior management has their history in the physical retail space ).


Kinja'd!!! davesaddiction @ opposite-lock.com > phenotyp
04/08/2019 at 09:40

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Truth. 


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/08/2019 at 09:42

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Also that E92 auction ends today.


Kinja'd!!! Akio Ohtori - RIP Oppo > davesaddiction @ opposite-lock.com
04/08/2019 at 09:44

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We did a round last week. Cut about 45 people. Not entirely sure why tbh.


Kinja'd!!! davesaddiction @ opposite-lock.com > Akio Ohtori - RIP Oppo
04/08/2019 at 09:54

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Oof... that sucks. Glad you made it through alright. 


Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/08/2019 at 09:59

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I don’t see it going past $25k. There’s going to be a very happy buyer, assuming it meets reserve. 


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/08/2019 at 10:02

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I think we’re going to see some last minute bidding to get over the 25k mark, but we’ll wait and see. It seems the later cars, obviously, are commanding the higher dollar amounts. Although, if this was an E90, I’d estimate this closer to 40k. I really hope we see a low mileage  E90 on here at some to see where the market ceiling is. 


Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/08/2019 at 10:19

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If this was an E90, it would have already been snapped up by EAG. 


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/08/2019 at 10:21

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That is a very good point. 


Kinja'd!!! Future Heap Owner > Dru
04/08/2019 at 11:16

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That’s because when the news talks about “the economy”, they mostly mean the stock market & bonds (the economy for rich people), not so much the realities for average working people.

Although even the bond market is showing early signs  of a recession in the next year or two.


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/09/2019 at 17:04

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32.5k, better than my estimate of 29k last week.

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Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/09/2019 at 17:06

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Oh man, nice price for the seller! I really thought the Canada thing was going to affect it. 


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/09/2019 at 17:07

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Yeah I did too. 


Kinja'd!!! davesaddiction @ opposite-lock.com > E90M3
04/09/2019 at 17:13

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Winner bought this a couple months ago:

https://bringatrailer.com/listing/2003-bmw-m3-coupe-49/

Helluva pair for $55k.


Kinja'd!!! E90M3 > davesaddiction @ opposite-lock.com
04/09/2019 at 17:16

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That's a pretty great way to spend 55k