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Old 05-13-08, 12:22 PM   #16 (permalink)
 
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Originally Posted by nitetripp View Post
actually... the layoffs generally come before the merger is agreed upon. they do that to make the company look more attractive on paper. at least that is how it has been lately with a lot of these corporate agendas.
I know a certain company that's in the process of doing that.
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Old 05-13-08, 12:25 PM   #17 (permalink)
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actually... the layoffs generally come before the merger is agreed upon. they do that to make the company look more attractive on paper. at least that is how it has been lately with a lot of these corporate agendas.
all the previous mergers EDS has done, has layed the ppl off afterwards.
I was once told when I worked there, they do it in that order to show the share holders they are cutting out the slackers and non-producers
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Old 05-13-08, 12:25 PM   #18 (permalink)
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I remember him arriving with a stupid bonus and then making MORE bonus money before splitting camp. He was a straight up hatchet man and was brought in to get the stock to a certain price (which he did through leveraging accounts and cutting people).

Once he met it, he got his cash and gave less of a damn than anyone could.

The only person to almost do as well at the money dance was Les Alberthal.

I worked on a case where I reviewed substantial documentation of the wake his departure left. Caused huge staffing reductions - many of them pushing the tragic.
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Old 05-15-08, 02:32 PM   #19 (permalink)
 
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But they've been telling him they were laying his whole department off for about 5 years now, so he is gonna be ready for it again...
My coworker's husband works for EDS too... I think they're both going to lose their jobs... lol

So am I
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Old 05-15-08, 02:58 PM   #20 (permalink)
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My company has some contractors there and they met with us a couple of days ago. Seems our business is gonna go up!
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