No. of Recommendations: 0
<A lot of the job loss is due to flattening out of the managerial structure. Thus a lot of highly paid paper shufflers lost their jobs. Many of these people are *ON PAPER* qualified in technical fields, but in reality they spent too long in management not keeping up with their field. Their true qualifications were middle manager--a field that doesn't employ nearly as many as before.>

I imagine it is impossible to know what this is about. I was considered "management" where I used to work but, as far as I know, that was just a trick so that I would be exempt from The Fair Labor Standards Practices Act. Thus, I would have to work overtime for free, could not join the union, etc. I was certainly not management in that I could tell anyone what to do. I designed communications systems, compilation systems, wrote computer operating systems, etc. So when I was given early retirement, this counted as lowering the amount of middle (or lower) management at the company, but what they really did was get rid of an engineer. 11,400 of us left the year I did from that company, so it looked as though they reduced their management overhead, but they really reduced their research and development staff.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement