Originally posted by: Ranger X
Originally posted by: TwinkleToes77
Well, it looks like my husband will be layed off for the holidays. They shut down his company for the next few weeks to save money. They say it will only last a few weeks. But it sucks major a$$!!!!
Atleast we kinda knew it was coming so we could plan ahead. But why does it always have to happen around the holidays!??!?!
Is this a temporary loss of work? I wouldn't exactly consider this a "layoff" as a layoff is permanent. Many companies shut down for the holidays as this time of the year is the worst time for company productivity.
Most companies follow a trend of laying off their employees during July and during December -- although most of them just focus on December. I think companies do this to generate investor interests as layoffs are a good indication of profit for the companies. It drops the production costs while the productivity expectations are untouched (meaning those that didn't get laid off get a heavier workload).
It's cruel but that's the corporate truth. It's all about profit and sparking new investor interests.