Posted on 04/14/2002 1:56:04 PM PDT by SpyderTim
Lucent to Cut 5,000 More Jobs - Source Reuters | April 11, 2002 | Ben Klayman
Posted on 4/12/02 11:59 PM Pacific by SpyderTim
Lucent to Cut 5,000 More Jobs - Source Thu Apr 11, 4:28 PM ET By Ben Klayman CHICAGO (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. plans to cut about 5,000 more jobs than previously expected by the end of June because of the slowdown in the telecom sector, a source close to the company said on Thursday.
See the link for the rest of the article.
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Just got to thinking, with the economy supposedly recovering, and layoffs continuing all around us, how many Freepers are currently out of work? How are they finding the job market?
1 posted on 4/12/02 11:59 PM Pacific by SpyderTim [ Post Reply | Private Reply | View Replies | Report Abuse ]
-------------------------------------------------------------------------------- To: SpyderTim
Luckily the coapany I worked for Did Good and accelerated my options when I was voluntarily laid off. Job market is pretty bad out there in high tech (programming). At one time or another 10 friends of mine were laid off this past year.
2 posted on 4/13/02 8:31 AM Pacific by lelio [ Post Reply | Private Reply | To 1 | View Replies | Report Abuse ]
-------------------------------------------------------------------------------- To: SpyderTim
Just got to thinking, with the economy supposedly recovering, and layoffs continuing all around us, how many Freepers are currently out of work? How are they finding the job market?
Agreed. I know more people in the last year that have gotten laid off, and have remained laid off, than I do those who had no work and found it. This "recovery" is pure fabrication and spin pushed by the WH. The facts are that over half the new jobs created are being done by the government! GDP has increased primarily because of government spending!
Smoke and mirrors.
3 posted on 4/13/02 8:35 AM Pacific by Kobyashi1942 [ Post Reply | Private Reply | To 1 | View Replies | Report Abuse ]
-------------------------------------------------------------------------------- To: Kobyashi1942
My company announced its office relocation way back in April of 2001. My last day was November 30. I've been networking and interviewing since then but haven't found quite what I'm looking for yet. It's not a bad job market if you know what you are doing, but it isn't as good as when I first graduate from college in 2000 either.
4 posted on 4/14/02 1:53 PM Pacific by SpyderTim [ Post Reply | Private Reply | To 3 | View Replies | Report Abuse ]
WWII destroyed china, europe, korea, and japan. That left the US as the sole manufacturing base. It was easy to kick ass when all your competitors destroyed themselves.
The US can be economically dominate again. All we have to do is get germany to invade russia and bomb the heck out of everyone else, then we need to get japan to invade china and korea and then we need to drop a couple of nukes on japan and all will be right with american manufacturing again.
A lot. I'm one of them.
Spending on capital equipment is down. We can thank Tom Dash-hole, who thinks tax credits to encourage companies to invest are a bad thing, but welfare-like extensions to unemployment are just fine. I don't want unemployment, I want a damned job.
You might want to try searching here...
The IT market is definitely depressed.
Regards, Ivan
# Date Position Location Relocate Years Exp Salary Low Salary High Salary Citizen Position Type
1 04/09/2002 Process Engineer - NW WA Yes 4/5 Years
per Year No Permanent
2 04/09/2002 Mechanical Engineer - Black Belt - NC NC
Yes 2/3 Years 50,000 60,000 per Year Yes Permanent
3 04/09/2002 Metallurgical Engineer - Balck Belt - NC
NC Yes 2/3 Years 45,000 55,000 per Year Yes Permanent
4 04/08/2002 System Engineer CO Yes 4/5 Years DOE DOE
per Year Yes Permanent
5 04/06/2002 Test Engineer ATE CA Yes 5/10 Years
80,000 85,000 per Year Yes Permanent
6 04/16/2002 Engineer / Senior NJ No 10/20 Years
$35.00 $45.00 per Hour Yes Contract
7 04/16/2002 Plastics Processing Engineer - PET IL Yes
0/1 Years 77000 130000 per Year Yes Permanent
8 04/12/2002 Maintenance Engineer SC Yes 5/10 Years
$65,000 per Year Yes Permanent
9 03/08/2002 Network Architect/Engineer DC No 5/10
Years 85,000 TBD per Year Yes Permanent
10 03/06/2002 Control Systems Engineer IN Yes 2/3 Years
$50,000 $70,000 per Year Yes Permanent
180 Jobs in Search Results
In fact, I've seen visa status cited as a reason to not lay off someone on an H1B: "If we lay off Mahatma, he has to go home" - Of course, the unemployed American who can't feed his family is SOL.
You are correct - He did say that in the 1980s, when criticizing the Reagan and Bush Sr. Administrations.
Of course, when the problem really got worse was on his watch under x42. On this he is now uncharacteristically silent.
The only advice I have to offer is to think outside the box, creatively. There are still startups being launched, where pay/benefits are usually superior, in-line with the higher expectations and productivity involved in startup. I tell you, it's ruined me as far as ever working in a 'stable' bureaucratic company again. As uncertain and risky as it is, there's nothing like the juice of launching a new hi-tech enterprise.
Scouts Out! Cavalry Ho!
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