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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (112566)7/13/2001 5:26:07 PM
From: SeaViewer  Read Replies (2) of 436258
 
Clearly, Wall Street's excesses in the bubble, pushing too much money into the New Economy, are now having a real-world impact on technology workers who are being laid off or fired. But I don't hear of autoworkers, construction workers, oil-rig workers or utility workers getting fired. It seems that Main Street has enjoyed watching the demise of the dot-com millionaires and their Wall Street bankers, but it hasn't been hit as hard as in past slowdowns.

A friend of mine who works for one the big three auto makers told me one of their managers laid off thousands of contract workers one Friday afternoon. He just simply told them there would be no work for them on the coming Monday. For regular employees there is forced early retirement.
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