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.
-------------------------------------------------------------------------------- [ Report Abuse | Bookmark Discussion ] --------------------------------------------------------------------------------
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 ]
I think the robustness of the recovery depends on what area of the country you are in and what industry. Home construction never slowed down. Defense manufacturing is booming, especially things like smart bombs. Things related to homeland defense (although primarily government) are booming. Consumer products in general are doing well. High tech (especially broadband and other telecommunications) are in the tank.
Too bad the money doesn't trickle down to us construction workers, who mostly make less than $10 per hour.
I thought I would be working long before my severence pay ran out. That turned out not to be the case. It's tough out there. It is starting to take it's toll on my self-esteem. I am not used to not having any money. I am not used to not working. I've never been unemployed this long since I started working at 16. It is depressing to not be able to go out with friends to a resturaunt because I am broke. Or be able to go see a movie or enjoy a night on the town. I always had money in my bank account and now I can barely remember my ATM pin number.
Every Sunday I tell myself that something will pan out this week. Today I say the same thing. I hope this is the week. Please wish me luck!
I'm just about to lose my job (next few days) and I'm not sure what to do next. I've got a mortgage and a wife to support and my car just broke down and needs £1900 worth of repairs. Bugger.
I work(ed) in the internet industry and have ASP, HTML, JavaScript, SQL Server, IIS etc and thought I was OK, but there's been a real downturn in such jobs in the last year. Things ain't looking good, to be honest.
1. Always look for a job, even if you are happy with the one you have. No one plans to get layed off. If you already know where you can go you are way ahead of the rest.
2. Never let your resume sit for more than a few weeks with out at least a review. It's much easier to work on a resume when you are not freaked out over having just lost your job. It also makes it easier to move to a position within the same company. While others prepare you can apply.
3. Keep in touch with past co-worker and never, ever burn bridges. You never know who you will meet at you next job.
In addition, always live below your means. Save what you can. Don't charge things you can't afford. Minimize your debt.
needless to say, i was getting mighty discouraged as EVERY job interview i went to (probably about 60 of them that i thought were going extremely well) just dropped off the face of the earth after they started checking references!
until this day (and i am once again unemployed from a temp job), i have not had a "real job" but just sporadic temp jobs.
i had to take my last $89 and get an "agency" to investigate and eventually find out the games my old job was playing.
the post above was correct about continual education! since today's bachelor's is equivalent to the late 70's 10th grade education, you need to get a degree.
keep your chin up!
Did unemployment in the 70's. I was out for three years after the free markets determined that we did not need a steel industry. On the job disputes were settled with yelling and fists. There is a certain clean quality to that.
I hate to say this but I enjoyed it. ( Had a working wife ) At least now, Jimmy f'n Carter is not in the WH. I finally took a government job. Yes, it is as pathetic as everyone suspects. If you have balls, move somewhere warm and hustle. If not, get something "secure" and learn to swallow your own vomit.
I wouldnt be so sure about that. I got the ax back in 75 and I was given the opportunity to make it voluntary. I had to wait four weeks or so but they did pay unemployment. Check it out to make sure.
Hopefully, the economy will pick up. I wish you the best of luck!
I think that's always true. This part of the country was in economic free-fall in the 90s and it's getting worse ---but in some ways because it's always bad it's easier than living where things were good and now are getting bad.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.