October 1st, 2015

robot head welder

what's making me happy this week - oct 1, 2015 (special edition)

I was *not* laid off yesterday.

Twenty six people were, however, which is a sad thing. On top of almost 60 laid off in May that ends up being about a 22% reduction in headcount from the start of the year.

Of course, business is down 40% from 2014 to 2015 and the leadership believes it will go down even further in 2016. In numbers, that's $220M in 2014, $120M in 2015, and $90M in 2016. Those percentages pretty neatly track the price of a barrel of oil over that time. This is the downside of being in business that is tied to the commodities market.

On the upside, our corporate parent has big faith in us and in fact is willing to let us a) have negative earnings for the next two years, and b) do a very big engineering development project that we believe has the potential to gain us enormous sales and market share when the commodities market has its inevitable upswing. The company did it before in 2009-2010 and 2011-2014 were the company's four best years ever by far. It is believed we can do it again.

Also, the management believes the business is properly sized to have two years of very low revenue while still being successful at the big engineering project.

So there's the good news. And I get to continue working at my company, which is very good news because I really really like it there.

I will have a drink to celebrate!

- yeff
  • Current Mood
    relieved relieved
  • Tags
princessbride vizzini inconcievable

you think things like this only happen on television...

[NOTE: All names ((REDACTED)) to protect identity.]

So four of us from our company ((ALPHA)) went to ((RESTAURANT)) for lunch today. We were all wearing shirts or sweatshirts with our company name on them, because that's what we do.

We were sitting at a table and talking when a young woman walked up to the table.

In a very friendly, perky voice she said, "You guys all work for ((ALPHA)), right?"

"Yeah," we all said, gesturing to our shirts.

"So you know ((JOHN DOE))?"

"Sure, we do."

Still perky, she said "Well, I'm ((JOHN DOE))'s wife."

We started to say hi, but she kept going.

"You should know that ((JOHN DOE)) is having an affair with ((JANE SMITH)). So that's the kind of (guy/person) you work with. Goodbye."

She walked away and out of the restaurant.

[NOTE: ((JANE SMITH)) also works at ((ALPHA)), as does ((JOHN DOE))].
[NOTE: I'm not sure if she said "guy" or "person"]

The four of us sat there, mouths gaping open in stunned silence, for a good half minute. I'm usually pretty unflappable and I was just thinking "whaaaaaaaaaaat?"

And here I thought this only happened on television shows. Wow.

Funny note: ((JOHN DOE)) almost came to ((RESTAURANT)) with us for lunch today.

- yeff