36-Hour Layoff Binge Follows Obama’s Re-Election
Since yesterday morning there has been a cascade of layoff announcements, largely unreported. It’s a surprising number of such notices, coming from all around the U.S., in a short period of time.
As to why exactly there would be a spate of downsizings so quickly after the election, possible reasons would be:
- Employers are distressed by the result and decided to make cuts for business reasons, for example the guy who fired 22 employees the morning after, or
- Employers saved the news until after the election in order not to cast a further pall over President Obama’s economic record, which some speculate is what happened with Boeing.
But those two just seemed like oddball stories that made the news today. What, one might wonder, is the meaning of the rest of the list? Maybe the first rule of Jobs Armageddon is, you don’t talk about Jobs Armageddon.
RIM Reportedly Cuts 200 Jobs In Irving, Texas Office
(This one is technically a rumor, but the company statements reads much like a cloaked confirmation).
It is a remarkable cluster of stories since yesterday. Not sure why that expression came to mind.
A commenter in one of the discussion groups used the term “Obamasizing,” and maybe we will hear that one more often.