Here we go kids. Welcome to Corporate America: the Evil Twin of BOOM TOWN. The managers cull and cull...and then the MANAGERS get cut! Oil is down, ain't coming up, companies will merge, there will be buyouts, etc. Only committment a corporation has is to its shareholders: the people who have invested in it for the sake of their pensions. Welcome to Reality Bites!
8 replies (most recent on top)
I heard from the daughters cousins sons brother
Tomorrow for sure
We heard from the daughter of a board member (both employed at Marathon) that the daughter "isn't on the list for the next layoff", which is now rumored to occur on Wed, Sept 9.
Mid September will be either layoffs or an asset up for sale.
Anyone hearing about the round 2 of layoffs yet?
I wouldn't be surprised if they happen within the next week or two, get ready to take a cab home people.
Soon!!!
So when is the announcement of lay offs going to be announced. Stock price is near $16 so we all know its coming.