Company Failing But I am Not!

  Written by Vicki Berry on May 3, 2009 1:00 pm

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Have you ever been at a company that has had layoffs every quarter for 9 years running, and yet STILL have to go into bankruptcy? Well I have, and it's not a pretty sight.

After losing over 2/3 of their headcount (in this case from just about 100,000 employees worldwide down to under 28,000 now), we are now currently in Chapter 11 since sometime in January or February.  After working for this company for 20 years and remaining at the top of my game, when they finally turn the lights out there will be no severence, no medical coverage, from the time the door hits me in the rear. That goes for me and about 30 other people I have worked with for as long as that, and who are like family to me.

We've all been loyal and hard working, and what has that gotten us? I know several that were laid off back in October through December, with their years of service were to be receiving full severence for anywhere between 8 and 11 months, suddenly found those paychecks gone in a flash, and medical coverage with it.

And with the job market such as it is, shouldn't I be worred? Well maybe a little, but it's not getting me down. Not in the least. It's probably been the catalyst to give me more drive to work my own business and gain the confidence that I can and will make it work.

This week we will probably hear about major divisions in the company being sold off. There are rumored buyers, and we may end up just working the same job but for a differentn company. Or not at all. It's a weird state to be in not knowingn what the next day will bring for the last few months. And I thought making it through 36 rounds of layoffs was a tale to tell.....

But thanks to this community of friends, support and mentoring, I have found even more conviction than I had before that I am on the right path.

Thank you all!

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