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Meanwhile, In The Real World...

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We see no foreseeable upturn in the market place and our identified pipeline for the future work does not predict any significant increase to a level that reflects the size of our current business. We have concluded that we have insufficient workload for the staff we currently employ.

20 to go this time.

Edited by Turnbull2000

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What line of work are you in ?

Architecture and engineering. We're quite a large multi-dicplinary firm, so the proportion of losses to total staff is quite small. However, for those that are purely architecture in around my area, job losses are amounting to 30-40%.

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mastercard coming in with much better than expected numbers....wall street are crap...they forgot that one third of mastercards operating costs are advertising, so they cut this more than wall street thought and hey presto, they do better than expected.

course, the advertisers will do worse than expected, unless they cut their costs, which they will, and their suppliers will cut their costs right down to the unemployed thousands that this results in.

trebles all round....a company does better, but the economy is worse. bust at its perfect self.

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A friends company just did more redundancies on top of a first set and then pay cuts. Not good times at all :(

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