Market cap July 1, 2012: $3.5B CDN
Market cap December 28, 2018: $1.6B CDN
Happened to me a couple years ago. Sucks.
Me too.
Same here. Working again, but it was a real kick in the teeth then. Company cutback. A lot of 50-somethings got it plus a couple of newbies to “make it look good” in case anybody sued.
Happened to me as well in 2016 I am over 50 and White male, worked for Verizon in IT for 15+ years and in the round of lay-offs of 1500+ 80% were older workers...Now they are asking for voluntary layoffs from VZW’s workforce...many are taking the chance....
It happens to everybody. The division I worked for a large corporation got sold. I didn’t get on with top management, because although correct, I was young, stupid, and challenged them on certain decisions, so I wasn’t given any options to jump back to the mother-ship.
That’s why anyone, particularly women, who devote their lives to a job or company, instead of family, church, or their own interests, is a fool.
Out of work now with little hope.
Joined a class action suit against PWC a couple weeks ago. As usual the plaintiffs won’t see a penny, but these are necessary to change attitudes.
Ditto here.
#metooalso
Got put out in my 40s, floundered around for a while, contracted in Iraq then settled down in my own business writing kick-butt resumes for people like those affected in the article.
Bloomberg started a Mueller-type witch hunt to rid the NYC school system ranks of veteran (read: expensive) teachers. He empowered the students to accuse their teachers of just about anything, and actually had administrators walking into classrooms to solicit charges against teachers from students, even if they were entirely fictitious. Some teachers, who had given their entire lives to teaching kids, actually died from stress related conditions during this purge, which is still going on. You will hardly find any teachers now with more than 15 years in the system. The few left know that their survival depends on passing just about every student, even if they don’t attend class, and letting the students get away with just about anything lest they write stuff which could be used for a termination hearing against them. Just sickening, and good only for producing and turning out thousands of illiterate uneducated criminals with no legit way to make a decent living. And Bloomberg wants to run for president!!! Believe me, you need him like you need ebola. Ditto the criminal commie clown now mayor, Comrade DumblASSio, intent on turning NYC into San Fransicko.
Me too. About a year later, when I went by my old office to drop off a retirement gift to someone who had really had my back, I found out from one of my “replacements” that they hired five people to replace me and that the guy who was instrumental in pushing me out said that, after reviewing what I did that “You can’t understand what a guy does when you work with him for only four months”. I told this young prick to go back and tell his boss to feel fortunate that “I’ve never met someone who was worth going to prison over”. The look on his face was priceless.
I found myself singing that song in multiple verses. It left me with a profound distrust of all large corporations and Government organizations.
The millennials that I work with these days are smart, capable, and diligent in their efforts. They trust their managers and do what they want them to do. They don't get paid much and the cost of living is high relative to their incomes. I had a considerably more prosperous coming-of-age.
I keep my own counsel on such matters. It is the beginning of wisdom.
I am charging the machine gun nest and miraculously still standing ( 58). i have lost many friends over the last couple of years and it is no longer about dead wood or lack of talent. Just luck of the draw and luck of what you chose to become an expert in over the last 25 years. I will wait to be mowed down until I get another job because a job loss will certainly require a move.