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Cashew Lou's Yukon Annex

I've got Pop-Pop in the attic.

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Round Two
The axe has fallen at work again. Full details below the cut.

After another week of sluggish revenue, we had another round of layoffs today. Five more people were let go this morning, making a total of eight people gone in as many days. We are down to 17 total employees--including the CEO--from 25 just last Wednesday. That's a heartbreaking reduction of 32%.

Needless to say, the atmosphere at work has escalated from mild concern to fairly freaked out. Sensing this, my supervisor took each of his employees aside one-on-one and not only let us air our grievances, but spelled out the situation:

1) The company's revenue had skyrocketed in late March, and an expansion in personnel was deemed necessary to accommodate and foster growth. Unfortunately, a screw-up at a major email provider who shall for the time being remain nameless knocked our revenue down between 70 and 80 percent, literally overnight. Strings are being pulled, and the situation is slowly but surely being rectified, but in the meantime, drastic measures have to be taken to make up for such a crippling and quick loss of revenue inflow.

2) The layoffs, although seemingly arbitrary, were not. Difficult personnel decisions had to be made, and they were based on who could get the job done the most quickly and efficiently once the company was reduced to a skeleton crew. I was told that I was chosen to remain because I picked up the work quickly and was able to execute it in a fast and accurate manner. So, on the one hand, I am highly flattered to have gained such professional respect in such a short period of time; on the other hand, my head is still spinning from the layoffs.

3) In the meantime, things are poised to rebound--but it simply isn't known if it will happen next week, next month, or even further down the road. Recovery is imminent, but no one has any idea of the time frame or the degree at which it will happen. Those who were laid off very possibly could be hired back on, provided they are still available when the recovery occurs. And hopefully, no further layoffs will be necessary. Things are very tentative right now, but with a hint of cautious optimism.

I honestly appreciate the company for being very open about all of this; if they hadn't been, a rumor mill could have made the atmosphere even worse--and I have worked in places where the communication from the higher offices was virtually zero. I count my blessings that I still have a job--and I dare to hope things can only move upward from here. That said, the realist in me has already updated my resume; I intend to be prepared to hit the ground running if need be. But I really hope it doesn't come to that; this is the best job I have ever had. And yes, even despite what has happened in the last week or so.

So...fingers crossed, and back to work on Monday.

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Still keeping my paws crossed for you, CL! ^^ Though it sounds like you're safe.

I am not so sure about being 100% safe--but certainly safer than eight other people I could name.

Well you're taken aside and said that you're being kept, so that gives you a really good percentile. ^^

*fingers crossed*

Sorry your company is having such a rough time of it. I hope the optimism is justified, and they pull up quickly.

Good luck! Here's hoping preparations are unnecessary. :)

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