[Ididntdothis]

I agree with you but the high number of unemployment claims is also a feature of the bailout plans. Let’s hope people will get hired back quickly.

[anonanon42]

My employer has just furloughed 30% of the company for 6 months. 6 freakin' months. And we were very profitable. This cut was not necessary to maintain neutral profit/loss...they want to keep profits up.

We're a software company backed by a brand name VC in SF. The board is in total meltdown.

[Ididntdothis]

Our system rewards people who relentlessly pursue their own advantage at the expense of others. The official talk is about shared sacrifice but the real winners are the ones who make others sacrifice. My company has a lot of problems but I really appreciate that they set out a goal to not lay off anybody. They could easily have laid off a lot of people but they didn’t. This will probably not get rewarded in the stock market but it shows that the company is not run by complete sociopaths like many others.

[eli]

Many companies will go out of business permanently. Even deep payroll cuts will not be enough to keep them solvent.