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Company I work for announced layoffs today, first time in over 110 years in business.

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Company I work for announced layoffs today, first time in over 110 years in business.

Old 03-19-2020, 02:11 PM
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Default Company I work for announced layoffs today, first time in over 110 years in business.

Hour cuts and layoffs were announced today at work. The company has been family owned for over 110 years and they have never had to layoff anyone. Estimated about 20 people are getting laid off and the rest of us got our hours cut to 32/week. They are estimating 3-4 weeks before things get back to normal. Everyone is shocked and I consider myself lucky to just get my hours cut because I am the low man on the seniority list.

Never thought I would experience anything like this in my lifetime.
Old 03-19-2020, 02:28 PM
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We haven't "experienced anything like this" in our lifetimes.

Glad you made the cut. I'm afraid your company's 3-4 week estimate may be optimistic. Hope to be wrong.
Old 03-19-2020, 02:52 PM
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We have a leadership team meeting in the morning about the state of business. I can't imagine there's good news.

F China.
Old 03-19-2020, 02:53 PM
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Good luck Russ. I hope it ends sooner than later for your company.
Old 03-19-2020, 03:02 PM
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Having been through 4 major layoffs in the past 3 years, I know all to well what you’re going through. Try and hang in there. Better days are to come.
Old 03-19-2020, 03:12 PM
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Sometimes you gotta do what you gotta do for the long term good of the company. It does no good if there's not a company there for the employees to work at 3 or 4 months from now. It may hurt now, but things will eventually improve from this temporary setback. Sometimes you have to enjoy unemployment compensation.
Old 03-19-2020, 03:17 PM
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I have a seasonal business. With the warm weather kicking in early i normally would be getting 40-60 calls a week. I received one call over the past two weeks.

Monday I fired off a marketing email to 2800 customers who I’ve done business with in the past. Got three positive responses from people who still owe me money from 3-7 years ago (need to scrub my list a little better) and two others that turned into jobs.

I just am so thankful last summer I decided against buying land and doing another residential development project. I couldn’t imagine having a few house project being 1/2 completed right now.

This dwarfs the 2008 crisis
Old 03-19-2020, 03:20 PM
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Just found out today that we're shutting down till the 15th. Pretty sure I'll be getting paid and if not we'll be okay.
Old 03-19-2020, 03:26 PM
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Originally Posted by Lifeislarge View Post
Just found out today that we're shutting down till the 15th. Pretty sure I'll be getting paid and if not we'll be okay.
you do know we already are past the 15th?
Old 03-19-2020, 03:27 PM
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Hope all works out well for you guys and others going through this.
I am very small in construction these days, but it is totally different from 208 when work screeched to a stop.

Building has seemed to no be affected to my eye.

I get a business choosing to survive for themselves and the employees. If they go down then nobody has a job.
Old 03-19-2020, 03:30 PM
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My BIL was laid off yesterday. He was working as a buyer for a food distribution company.

Sucks all the way around.
Old 03-19-2020, 03:42 PM
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3-4 weeks? Sign me up.
I’m thinking it’s going to be longer than that.
Old 03-19-2020, 06:12 PM
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I see about a month being our limit as a country for this.

The virus will continue, and we will live with it

Theres a severe global interruption that will show soon, and all businesses will scale back. They cannot be allowed to shut doors....could take a decade to recover if that happens

We will.....let people die at some point if this isnt stopped totally ( wont be...we havent taken those steps ...total lockdown )
Old 03-19-2020, 06:31 PM
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Glad you count yourself lucky.
I employee about 100 and had a brief meeting with my #2 this afternoon. We will be meeting again tomorrow AND Monday. We usually quote 40+ projects per day and historically are awards 30% of them (12 per day). So far this week we've quoted 11 and have been awarded 3 (only 1 the last 2 days). Business was already slow and last fall I even loaned my personal savings to the company (which was meant for my high school seniors college education). I suspect by early next week 30+ people will have been laid off. I'm actually looking at back-up plans to completely change our company into something else that would employee 5-6 people total. As you can imagine.......I'm not sleeping well the last week or so.

FWIW: My father had a busted tail light and his shop had to order one. He showed up today to drop off his truck. They said "wait just a minute". A shop with about 10 mechanics had 3 guys walk out the the parking lot to fix his light......he was the only job they had at that moment!
Old 03-19-2020, 06:35 PM
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Originally Posted by mbb View Post
I see about a month being our limit as a country for this.

The virus will continue, and we will live with it

Theres a severe global interruption that will show soon, and all businesses will scale back. They cannot be allowed to shut doors....could take a decade to recover if that happens

We will.....let people die at some point if this isnt stopped totally ( wont be...we havent taken those steps ...total lockdown )

Kind of what I am thinking, Americans really do not tolerate crap like this long as a whole after a few weeks will say SCREW IT

Chinese live in China for a reason, they have no opinion Italian’s well all the know is how to build cars

General USA public will come to it’s senses in a month is my guess

Old 03-19-2020, 06:39 PM
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Originally Posted by RussH View Post
Hour cuts and layoffs were announced today at work. The company has been family owned for over 110 years and they have never had to layoff anyone. Estimated about 20 people are getting laid off and the rest of us got our hours cut to 32/week. They are estimating 3-4 weeks before things get back to normal. Everyone is shocked and I consider myself lucky to just get my hours cut because I am the low man on the seniority list.

Never thought I would experience anything like this in my lifetime.
Look at the bright side, now you have an additional 8 hours per week to go fishing! Seriously though, hope you'll be ok. Tough times, never seen anything like it and I ain't no spring chicken.
Old 03-19-2020, 06:46 PM
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Originally Posted by RussH View Post
Hour cuts and layoffs were announced today at work. The company has been family owned for over 110 years and they have never had to layoff anyone. Estimated about 20 people are getting laid off and the rest of us got our hours cut to 32/week. They are estimating 3-4 weeks before things get back to normal. Everyone is shocked and I consider myself lucky to just get my hours cut because I am the low man on the seniority list.

Never thought I would experience anything like this in my lifetime.
What sort of business?
Old 03-19-2020, 07:17 PM
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I'm a tech business owner benefiting from the work-from-home shift but worried about the future. Nothing is clear and anything is possible. I fear it will be very bad for a while.
Old 03-19-2020, 07:41 PM
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Originally Posted by Stripedo View Post
What sort of business?
Electrical distribution.

I am thinking about giving up another 8 hours to help out a guy in the office. His wife owns a salon and she had to close it. The bills keep coming in for the salon with no income. I think this situation is going to last a lot longer than 1-2 weeks but if she can get the salon back open than I can take the 8 hours back.

I am financially able to give up another 8 hours if it will help him out. I need to ask if it will effect my health insurance only working part time? It will give me time to get the boat ready to get in too. Once I get the boat in I can spend my time on the water as was mentioned.
Old 03-19-2020, 07:51 PM
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The bill the house And senate passed makes small business owners with less than 500 employees give 2 weeks paid sick leave if they are effected by corona virus. Anyone who has to stay home and take care of kids Who’s school was cancelled is to receive $200 a day. They are going to extend a 100% payroll tax credit to offset this for the businesses. Businesses are laying off people left and right because they can’t afford this. Most businesses have little cash flow right now.

Last edited by Quacktastic; 03-19-2020 at 08:24 PM.

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