http://mobile.reuters.com/article/idUSKBN1752DM
8 replies (most recent on top)
I was laid off a year and a half ago. Morale was terrible then. It was a horrible last few years. I stuck around for the severance (as most people do). I am glad I am no longer associated with that miserable place. There are so many layers of upper management making large salaries telling their managers what they want to hear. I believe the company is mortally wounded. A shell if its former self.
I got laid off three years ago and morale was bad then. I couldn't wait to get out of there. The department I was in once had 26 people now there are 2 left. Most got laid off, many quit and two moved to Atlanta. Not a happy place.
this company is filled with economic illiterates. Children who sit in the NYC office. Let the businesses run their business and get NY out of it. Watch what morale does then.
Heard 2 to 3 weeks out plus more reorgs coming (not that the reorg has ever finished).
Anyone have news of any recent layoffs or ones to come? Usually they start after STI's. Been kind of quiet lately.
Shocking. I hope the analysts got well paid for uncovering this revelation!
I can hear the strategy now, "let's layoff the ones with low morale to raise the average."
I left the company a few months ago, I wonder how they'll actually be able to turn around morale while cutting costs. Shipping support roles overseas ended up adding stress to UW's workloads, STIs and salaries seem to be flat (from the perspective of employees, though management claims otherwise).
It looks like raising morale = spending money, which goes against this equity-return plan.