The dreaded telephone call
My story is similar to some on here. I knew the company was in some sort of financial trouble. Thanks to the outrageous salaries the President and Executive VP and the top administration were paying themselves, the company ran into some serious financial trouble as the recession approached.
Needless to say some of my colleagues were actually warned by the competition that we were in trouble and that most of us would be losing our jobs in the very near future. The top people got wind of this rumor and squashed it at a company meeting where they swore we were in better shape than before and nothing of the sort would be happening.
About a month after this meeting they got rid of most of the managers and replaced THEM with their own subordinates. I got a call from my manager asking to pick up a call from the corporate office. It was the human resource manager telling me that my services were no longer needed. All of this resulted in saving the company money by offering a lower starting pay to the new managers and not replacing my position but merging it with another.
Just in case you are wondering, no I was not a manager, however I did make pretty good money for my position. However, my salary was justified and based on performance which I did earn without a doubt. Getting up at 4:00 a.m and getting off at 7:00 p.m. Monday through Friday has to count for something.
This post was submitted by Audi Guy.