Go here to read the rest. Hard decisions often have to be made in business, I get that. Doing this right before Christmas is thoughtless and needless cruelty and buys the company a boatload of bad publicity. Employers who treat their employees with no loyalty should not be surprised when employees return the sentiment with interest.
From less than three months ago:
It should be a red flag to their employees that they were hiring so many people during a pandemic. Especially a start-up.
Another in a truly endless list of companies that would not exist were it not for 0% interest rates.
Brian Collar,
Excellent observation on the crazy, super-easy monetary policy [financial repression] inflicted on ordinary Americans since 2009 [with a two year hiatus 2017/2018]. .
I try to read econ profs’/credentialed laptop cliques’ blogs trying to get incites [and am generally disappointed].
Last Friday, one of the infallible ignoramuses was feverishly putting lip stick on the 210,000 November job creation major miss. I commented, “So, now in December the Fed can accelerate the taper.”
The quick reply was “Too soon.” I didn’t respond except to say to myself, “There you go, Spanky!” QED.
You think someone named Vishal Garg has the least bit of interest in the meaning or importance of Christmas?
Considering that the vast majority of his workers probably celebrate Christmas he better.
Another in a truly endless list of companies that would not exist were it not for 0% interest rates.
AFAICT, it’s a mortgage brokerage. I’ve never quite understood why there is a market for mortgage brokers, but there were such people in business ‘ere the Fed pushed the federal funds rate to 0.25%.
Unfortunately, the timing isn’t something new. Christmas bonuses and parties went the way of the dodo bird by the 1990s. By the 00s, I began to notice a tendency of companies replacing those old traditions by letting people go in December. Perhaps some record keeping reason, but in the different industries I’ve worked in over the ages, more than once I’ve seen workers given the slip within a few weeks of the day. Because I’ve seen it happen so often, I don’t know why the news is all over this the way it is. It isn’t as if those let go in other cases got it much better.
At the law mines Dave the traditions of Christmas bonuses and Christmas lunches are still very much in force!
That’s great to hear! I know some smaller, local companies still do the same, even having actual Christmas parties. Sometimes it seems the bigger they get, the less they care.
Sometimes it seems the bigger they get, the less they care.
Very true.
Sometimes it seems the bigger they get, the less they care.
It’s a real concept called Dunbar’s number, actually.
Jordan B Peterson once had a great quote on this, but of course now I can’t find it. (i hate nudging so much)
Dunbar’s number makes sense. But I also feel in these larger corporations it isn’t only their employees they don’t care about.
Yeah, that was the JBP quote. It was in the midst of some discussion and his words were to the effect of: “The right says the problem is big government, the left says it’s big business – maybe the problem is just ‘bigness.'” I think he was onto something and myself have a theory that increased complexity by its nature causes a dehumanization effect.
Yeah, that was the JBP quote. It was in the midst of some discussion and his words were to the effect of: “The right says the problem is big government, the left says it’s big business – maybe the problem is just ‘bigness.’” I think he was onto something and myself have a theory that increased complexity by its nature causes a dehumanization effect.
(Whoops, I entered the wrong name and my comment landed in moderation – just delete it, Don, I’m reposting it.)
Hence the need for subsidiarity in most contexts.
The left doesn’t care about Big Business as long as CEOs are deferential to the left. The Bernie Bros are a partial exception to this, but their discourse tends toward reciting the income and assets of characters like Elon Musk and then complaining about the minimum wage.
Some activities require scale. What’s disconcerting about our time is the development of oligopolies in realms which do not require scale: general retailing, social media, &c.
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