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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (28810)	8/3/2001 3:26:47 PM
From: gpowell	Read Replies (1) \| Respond to of 29970

No. Justified or not, there is an undercurrent of pleasure being expressed about this spat of layoffs around the valley. Many casual conversions have touched on the need for a reality check among the dot.com generation; usually prefaced with a mention of their lack of work ethic and conflict management skills, or the narcissism so prevalent in this generation. One employee’s perspective: … I was told repeatedly that our department would not be affected. I was also told how well the company was doing; including being told in a meeting that the MSO's are so happy with our performance that COX and Comcast are going to renew their exclusives through 2006! Everything is just fine and then what happens? I come in Monday, the first of the month right after I just paid my outrageous sillycon valley rent, I am told to pack up my desk and turn in my badge, I no longer have a job with the company. There was No thanks for your commitment and dedication, it was more like I just got caught shoplifting and was being escorted out, no compassion at all! boards.fool.com Welcome to reality. Layoffs: First round: dead beats and troublemakers. Second round: duplicate employees. merge job duties – cut some more. Third round: cut at the margins of the business – core still intact. Fourth round: cut from scaled back or discontinued operations. Fifth round: management sycophants - first positive impact on operations. Iterate back to 4 until business fails, is sold, or becomes profitable.