One of the advantages AND disadvantages of being Management is that you find out the magnitude and date of when the bomb is going to be dropped. While the names of most of the soon to be extinguished may not be divulged, the knowledge of what's soon to come makes one crawl into that bottle of whiskey without much haste.
My industry is in dire straits currently (and NO, I am not in the stock market). Serious cuts will have to be made for us to survive.
Everyday brings more horrible news about companies cutting hundreds and sometimes even thousands of jobs. The most current news is that 1.2 MILLION Americans have lost their jobs in this latest (don't call it a) depression. 240,000 lost their jobs last month! And 300,000 more are projected to lose their jobs in November.
Anybody wanna buy an apple?