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Gundlach: A 'wave' of layoffs is coming for $100,000/year white-collar jobs
Yahoo Finance ^ | June 9, 2020 | Julia La Roche

Posted on 06/09/2020 6:24:48 PM PDT by fluorescence

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To: rightwingcrazy

A real back stabbing bunch growing up today in society - cut throat!


41 posted on 06/09/2020 9:15:47 PM PDT by ldish (2020 Election will determind if USA remains a Consitutional Republic!)
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To: upchuck

Should be - but never will be!


42 posted on 06/09/2020 9:16:48 PM PDT by ldish (2020 Election will determind if USA remains a Consitutional Republic!)
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To: fluorescence

We’ll all inevitably be working for Amazon anyway.


43 posted on 06/09/2020 9:16:56 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Dilbert San Diego

I wonder about all these high paying stupid marketing jobs overhead these companies have ...so they can virtue signal about “what_______is doing about racial injustice...blah blah blah....”

Just shut the hell up and sell me stuff please. I DIDN’T ASK YOU.


44 posted on 06/09/2020 9:17:11 PM PDT by Phillyred
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To: NobleFree

My “manager” prior to the covid, would spend 75% of his time traveling all over the US attending numerous conferences and conventions on the company’s dime.

Would attend some meetings but skip more than he attended.

Zero value added to the company at an approximate salary of around $150k.


45 posted on 06/09/2020 9:22:16 PM PDT by Newtoidaho (All I ask of living is to have no chains on me.)
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To: Dilbert San Diego

We have a fairly new upper management big boss who makes 6 figures. That person figured out to make reporting work for them. They have us finish our work in a limited time while the next level has 3 days to do what we are given under 20 minutes to do. The reporting for them is the excuse that it is harder for them to complete the work we started. Also fewer of them. Apparently no one looks into why so long. The upper execs just want reports that look good.

We could finish the work if given the access level the next level has and 10 more minutes in many cases. Our numbers look more impressive but we frustrate the callers who are delayed in getting their issue fixed as we have to assign the issue to another group. Like you are in line for Window 1 and then the clerk says that you will have to stand in line for Window 2.

I have a co-worker sorry they say supervisor while they call us grunt workers.... who thinks everyone else does not do their job. They badmouth the top execs and the other supervisor at another office and everyone they come across. All day and everyday they complain out loud. This person just produces T.P.S reports.

I say that person is not essential and would only be missed by the upper management looking for the T.P.S report (Office Space ref)
https://tinyurl.com/ya9ph6r2
rant over....


46 posted on 06/09/2020 9:58:46 PM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: cgbg

I guess I was an ass. I knew the project was ending and I would be gone when it was done. I did what I needed to do with diligence and honor and I didn’t do anything I though was foolish. I filled my role as technical expert to the letter and then some I think but I did not engage in Tom Foolery or suffer fools gladly. Really never did much of that anyway for 42 years.


47 posted on 06/09/2020 10:06:54 PM PDT by Sequoyah101 (We are governed by the consent of the governed and we are fools for allowing it.)
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To: ConservativeMind

my department has 9 people in various useful roles. we also have 4 managers to “manage” 9 people.


48 posted on 06/10/2020 3:46:40 AM PDT by wny
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To: fluorescence

Lower and middle management. No real power to affect change... take crap from above and below and the first to be cut when things go sideways because of bad decisions made by people above their pay grade.


49 posted on 06/10/2020 3:49:55 AM PDT by HamiltonJay
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To: catnipman

That’s always been true. And often those 20% go unrecognized because a good bit of thr othet 80% claim the credit.


50 posted on 06/10/2020 3:52:47 AM PDT by HamiltonJay
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To: Zathras

No, but I know a lot of people that work for software oriented companies and a most of them are very well paid and definitely not overworked.


51 posted on 06/10/2020 4:49:34 AM PDT by redangus
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To: minnesota_bound

Managers are experts at massaging the numbers.
That is how bonuses are determined.


52 posted on 06/10/2020 6:35:06 AM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: minnesota_bound

I have a war story from many years ago.

I used to be in the cable television business as a manager.

Our bonuses were based on hitting specific customer (subscriber) numbers, and each year the numbers were a few percentage points higher than the previous year.

In the real world the goals were impossible to meet if you played by the rules. Fortunately for me one of the old timers liked me and taught me how to game the system.

The territory included several (northeast) beach areas with highly seasonal areas. They were very sleepy towns during the winter, and then exploded to many times that population during the summer.

The “trick” was how you handled the seasonal customers.

You would allow most of them to steal the cable tv service by allowing the physical connections to remain in place and not charging them for the service.

If you needed a “bump” of x customers you just physically disconnected a bunch of apartment buildings at the pole.

The seasonal people would call and scream that they wanted their cable turned on—and then you converted them from non-paying folks (not shown on the “official” count) to paying customers (who counted for the bonus calculation).

The senior managers _never_ figured out the game.


53 posted on 06/10/2020 7:07:45 AM PDT by cgbg (Kneeling is a half measure--lefties need to dig a six foot hole and bury themselves in it.)
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To: cgbg

At Earthlink ISP the sales people would sell DSL service to people too far from the local telco for a good connection but they got their sales commission....


54 posted on 06/10/2020 8:27:09 AM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: HamiltonJay

“And often those 20% go unrecognized because a good bit of thr othet 80% claim the credit.”

yep ... that’s the corollary to the 20/80 rule ...


55 posted on 06/10/2020 9:31:50 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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