Shrivel nuts + whiskey dick = Plankton's Tuesday night

Which is still probably better than your best night, you little twit.

Well Linda gets laid off today.The two *******s running that division since buying it from my boss have made one stupid move after another. Everyone can't stand the guys (employees, vendors, dealers, reps) and don't trust them one inch based on some of the stuff they've pulled.

They are laying off three very key people today which will leave them with only six left. They just showed a new product at the CES show and the pressure to get it to market to boost sales will be intense. They are letting go their best tech & and agency approvals liason, the top manager and the person that everyone respects the most, and their customer servive & logistics person.

The people left will somehow have to absorb those jobs on the fly while still being busy as hell with their current duties.

We knew the place was gonna crash eventually, just didn't think it would be so soon - they just moved out into their new digs on December 1st!

^ I have no idea what the job landscape is like where you live (or really any other part of NA truthfully), but it is very grim around these parts. The oil prices taking hit after hit has really made finding and keeping a job tough at best. I have numerous friends that work in the oil and gas business that are on constant "lay-off" watch. It's a frightening time, and both of my most recent past companies that I worked for have let a lot of people go, with more likely in sight.

Anyway that was a long-winded way of saying "I feel what you're going through Chula, hope all the best for you two".

Just found out the remaining 6 employees had to take a 50% pay cut! :yikes:

They offered Linda 2 weeks severance pay if she'd sign an agreement that would basically completely prohibit her from networking or trying to find a job in this industry for 2 years. It also would require she agree to never be part of any legal proceedings against the company.

I told my boss about it and he said it's the type of agreements Wall Street bankers and oil executives get when they receive $50 million + buyouts.

She's not going to sign it and she's gonna call them and tell them she will if they pay her 2 years salary in cash up front. :finger:

^Okay, this is just insane. What the serious ****?

Without getting into specifics, we had to sell off a division to get money to help fund the ongoing lawsuit. The MEGAHUGE acquisition firm that bought it usually buys out companies in the 40-500 million dollar range.

They only paid 4.5 million for our division. It's such a tiny amount of money for them that the top dogs are not paying enough attention and they just turned it over to these guys, who are running it into the ground.

http://www.mpcafilm.com/wp-content/u...011/08/DD1.jpg

Sucky part for us is that part of the buyout included a quarterly payment based on a small percentage of their gross sales for the next 4 years. Since we're running on fumes that was going to be a nice help. :banghead:

Well, tomorrow I have a meeting with the academic dean about my grade appeal for the class I failed (already went into that before), so I'm drinking and gaming to take the edge off so that I don't stress myself the **** out tonight. It's only my entire GPA at stake, so no pressure.

Alright, I'm no Wallstreet exec, but that sounds like losing two years - two weeks pay. That sounds like pretty much the worst deal anyone has ever been given since slavery.

No doubt what an absolute **** you and thanks for your service. Oh and theres one more thing, we **** you in the ass before you leave. Sign here.........

Another part of the agreement is that she would remain available during 'reasonable" business hours to help her ex-coworkers get acclimated with taking over her position. She handles world wide shipping and receiving logistics so you can imagine all of the legal import and export regulations and documents required/involved. One screw up and a 40 foot container of goods can be held in port by customs for weeks. Considering these are consumer electronics that are usually purchased based on strict forecasts you can assume how a dealer would react to that.

I just told her she should tell them to screw the severance and agreement and tell them she'll agree to help for the next few months but it'll cost them $50 a phone call for the first 5 minutes and an additional $50 if it goes over that.