In terms of layoffs, November was rough but December is expected to be worse according to a recent CNN article. Between January and November this year, CNN is reporting that there have been more than 1.9 million layoffs. The article states that more companies are expected to issue pink slips this month as they wrap up the end of the year and brace for 2009.
As we see with the three examples below (not to mention the hundreds of other reviews from employees whose company executives have announced or expect layoffs), its either ‘keep your friends close and your enemies even closer’ or the ‘survival of the fittest’ mentality that employees are expressing during this historic recession. Right now the pink slip tidal wave is building fast and employees are holding on for the ride as best they can.
For example, Anheuser Busch announced last week that they are planning to cut 1,400 jobs. According to Glassdoor.com, just 31% of employees approve of Anheuser Busch CEO August A. Busch Iva whereas the company receives a moderate 3.5 (out of 5 points possible) satisfaction rating. Based on employee feedback about the company, the notable brewing company is recognized internally for its cliques among ...
