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Wired.com article on job market

Pauline McNamara
Sheriff

Joined: Jan 19, 2001
Posts: 4012
    
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http://www.wired.com/news/business/0,1367,60854,00.html
Al Newman
Ranch Hand

Joined: Mar 30, 2003
Posts: 716
Positive news for a change. Except for the chappie who predicted that the entire IT industry was going to outsource itself to India within the next five years, of course. He's probably sweating this.
It's gonna happen, folks. One company cited in the Wired piece had shrunk to 10% of it's former staff. At 350 people they were probably way overstaffed, but at 35 people even the slightest upturn in business is going to cause panic hiring....


SCJP1.4, SCWCD
Matt Cao
Ranch Hand

Joined: Apr 03, 2003
Posts: 715
Hi,
Are those new hires will have the same benefits as the ones they canned previously?
As I know some companies in Southern California savings costs by consolidate vacation time into personal time-off which is against California Labor Laws. But I wonder how those companies operated. Are they that stupid implementing the policies without consulted with Business Lawyers? These companies are not mom&pop operations, they are multinational level.
http://moneycentral.msn.com/content/P62365.asp
Regards,
MCao
Al Newman
Ranch Hand

Joined: Mar 30, 2003
Posts: 716
Originally posted by Matt Cao:
Hi,
Are those new hires will have the same benefits as the ones they canned previously?
As I know some companies in Southern California savings costs by consolidate vacation time into personal time-off which is against California Labor Laws. But I wonder how those companies operated. Are they that stupid implementing the policies without consulted with Business Lawyers? These companies are not mom&pop operations, they are multinational level.
http://moneycentral.msn.com/content/P62365.asp
Regards,
MCao

Not in my case, MCao. I took a 30% pay cut to get working again. I don't expect that cut to last, however.
It's dumb to violate the labor laws. They will end up paying through the nose for that one. Especially in California.....
 
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subject: Wired.com article on job market