I worked in sports. Sports broadcasting to be precise. And if history tells us anything, it's that sports and entertainment generally do well during economic downturn. People don't want to think about how lousy their lives are, so they turn to escapism. Working in sports broadcasting, I figured that the economic downturn wouldn't hurt us too much. I mean, I'm not sure how many millions of dollars we made this past year, but it was still more than we made the year before.

I also thought I was safe, because it was me. Because I was good. And I was competent. And I could do everything in my department and better than the majority of the people there. I produced. I edited. I knew where things were and how things worked. I was the person everyone asked. I was the go-to gal.

And now I am unemployed.

Now here's the most interesting thing about the entire debacle. Let's do some math. I'm not sure what the final tally of people that were let go, but from what I know so far, they were all roughly around my level. I made \$35,000 a year (which was too little for the amount of work I was doing).

\$4,000,000

- \$35,000
___________________
\$3,965,000

Hmm.. Well, let's add in benefits, roughly \$7,500

\$3,965,000

- \$7,500
_______________________
\$3,958,500

Hmm.. Not really making much of a dent here. Maybe if I add in the amount spent on the company subsidized soda and bottled water. Let's see, roughly \$0.50 per can or bottle, once per day, five times a week, so \$2.50. Then multiply that by 52 weeks a year is \$130. So...

\$3,958,500

- \$130
_____________________
\$3,958,370

Alright, so by getting rid of me, they're down \$42,630. \$3,958,370 to go. Roughly.

And this is why I'm with Congress on this one. My department has six managers. Six. Six managers of varying degrees of competency. Last year, they had three managers. Things weren't running as smoothly as they could, so they brought in three more. Things have only gotten worse. At this rate, it'll be a department full of managers and no one to manage.

Shaving jobs left and right will definitely cut costs, but it will never be enough. To save money, companies need to cut from the top. Corporate executives make too much money for work that largely is done by people like me. Things are bad now, but when you get rid of the people who actually know what their doing to save money, things only get worse.

The outlying cause of our financial crisis is corporate management. Corporate management made the decision to take on subprime mortgages. Corporate management made the decision to make investments with money they did not have. Corporate management made the decision to delay the development of green technology and fuel efficient cars. If there's someone to point a finger at, it's corporate management.

The auto industry is now asking for a bailout too. The CEOs of GM, Ford and Chrysler have offered, under duress, to cut their salaries to \$1. But what about the stock options? What about the benefits? What about the bonuses?

Congress has screwed up on these issues before. They issued a blank check to Henry Paulsen without any oversight whatsoever. Now they're being asked for more. And now, they're asking for some guarantees. No one deserves a bailout without a comprehensive plan in place to cut spending from the top down. To use the money to invest in the future, they need a plan that develops new, greener, more fuel-efficient cars. They need a plan to develop the industry so it can compete globally in the future. They just need a plan. And right now, they're just begging.

I'm a pretty positive, optimistic person. I cried when it happened. I cried when I told my boyfriend it had happened. I almost cried when I told my dad. But as soon as five minutes after I walked out of that meeting, I knew it was a blessing in disguise. I was miserable at my job and I am smart and capable and I will probably find another. But right now, it sucks.

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#### Comment Preferences

• ##### So because you lost your job(1+ / 0-)
Recommended by:
Snickers77

You feel justified in damning over a million others.

Touching.

• ##### She's damning(3+ / 0-)
Recommended by:
modchick65, MKSinSA, Anne was here

the execs who seem to multiply like rabbits while they cut the people who actually do the work.

-7.62, -7.28 "We told the truth. We obeyed the law. We kept the peace." - Walter Mondale

[ Parent ]

• ##### If you don't qualify for a job(1+ / 0-)
Recommended by:

you shouldn't have the job. It's stipulated in every contract I've ever signed that if you cannot fulfill the terms of your job, that's grounds for dismissal. How many CEOs and managers fit the qualification?

• ##### Hang in there(0+ / 0-)

and go to our networking site.  Also, take a breather.  If you have been working in a job you don't really enjoy, you certainly need a break!  There is nothing harder than doing work that you dislike!

God Bless!

To all my ancestors who have moved from "sense to soul", a mountain of gold could not repay you.

[ Parent ]

• ##### Yeah this sucks(14+ / 0-)

Now you are one less customer and one less tax payer and this is getting scarry.

We shall overcome, someday. Yes we can.

• ##### I'm so sorry.(7+ / 0-)

As another kick-ass, go-to gal who has been downsized (although unlike you... from a job I LOVED), I know what you are going through. I hope the situation turns out for the best.

• ##### The dollar a year thing rings as hollow as it is(14+ / 0-)

Mrs. Rhino lost her job the day before Thanksgiving. She was the top producer(as well as the office manager) for a privately owned branch of a, let's call it "nationwide" insurance company.

Our good thoughts are with you as you go through this time, and here's hoping you find another job quickly where you're appreciated(and paid what you're worth).

I've gone from god damn America to Gawd Damn, America---Bill Maher

• ##### Wow...(23+ / 0-)

Just posted a diary right after you, my husband was laid off today too.  So really, I know how you feel.  Good luck.

-6.00 -7.18

• ##### I Am So Sorry, Not Sure How Much I Can Handle(10+ / 0-)

any more if these posts. They are just too darn painful to read.

"We are what we repeatedly do. Excellence then, is not an act, but a habit." - Aristotle

• ##### I'm in fairly good spirits(17+ / 0-)

considering, but it's still ridiculous. I just wanted to make a point that management is stupid and my situation is a perfect example of why.

• ##### You should...(4+ / 0-)
Recommended by:
hazey, ebbinflo, hrambo16, MKSinSA

challenge their job. Tell them you're more qualified. And you want their job.

• ##### I Got That From What You Wrote(6+ / 0-)
Recommended by:
hazey, ebbinflo, kurt, MKSinSA, Norbrook, chrome327

I have only worked for small companies. I know why we were in business. We produced goods a person or company wanted to buy. It was that simple.

When we were not selling much of said product, hiring a few more "managers" was never an idea we had. Never. And I might add I was one of those managers!

"We are what we repeatedly do. Excellence then, is not an act, but a habit." - Aristotle

[ Parent ]

• ##### I've seen it(5+ / 0-)
Recommended by:
hazey, unterhausen, kurt, chrome327, slr249

I used to work at one place where, every time they announced a new "cost control initiative" a lot of us would go "Damn.  We're getting another Vice-President."  That always seemed to be the upshot of it.  I always thought they could chop a million off their budget right away by releasing a few of them... and probably be better for it.

I think that I have had enough of you telling me how things will be. Today I choose a new way to go ... and it goes through you!

[ Parent ]

• ##### Same situation here(14+ / 0-)

I got laid off three weeks ago and I've been called twice by folks that relied on my know-how crying about how they missed me - things aren't getting done by the people left behind in my department and it's approaching crisis. In addition someone with no experience has been put in charge of my department Good move! But thanks for the 5-month severance to support me while I find a better job.

• ##### I have a two month severence cushion(11+ / 0-)

Plus I'm applying for unemployment.

I am waiting for the day when someone calls me with a question, so I can say, "I don't work there anymore." and hang up.

I hope you're doing the same.

• ##### I got that chance to tell them I don't (4+ / 0-)
Recommended by:
hazey, modchick65, kurt, chrome327

work there anymore.

I could have solved the problem on the phone.

It made my day.

• ##### No, that would give(0+ / 0-)

them a chance to have the last word.

These fools would say "Hell No"

• ##### Better yet, tell them...(0+ / 0-)

I'll be happy to solve the problem for you, and my rate is \$x/hour :)

where \$x is at least twice what they used to pay you.

Same feeling of satisfaction, plus you might make some money!

• ##### They just cry(0+ / 0-)

and say I'm better off not there. I don't offer help, just say "good luck with that!" getting unemployment here as well.

• ##### despair is a luxury we can't afford n/t(1+ / 0-)
Recommended by:
Anne was here
• ##### What a miserable shame(13+ / 0-)

I have no job offer, but would remind you of the Kossack network that might have some. It's here: http://kossacksnetworking.ning.com/

Bless you, sir249, and good luck to you.

• ##### Your instinct may be right(14+ / 0-)

That it's a blessing in disguise.  Time will tell that one. It doesn't help in the immediate future.

Get thee down or online to apply for unemployment ASAP.  They can also get you into some job searches you may not have discovered because they have partnerships with local businesses.

They also have some training you might take advantage of if you are weak in a given area pertaining to your vocation/career.

And keep that chin up - for what it's worth, you have a lot of really good company!

• ##### Is it too early to be concerned ?(11+ / 0-)

Look, I work in the Lodging Hospitality Industry and you know, people are not traveling as much as they used to. Packer Weekends are not as sold out as they used to be as fans from rival teams stay home while Wisconsinites fill the stadium and just drive home.

Businesses are not having their employees travel, so that sucks there. The only good news is that we are near a Hospital Center where families stay with us while they have loved ones in the Emergency Room or getting surgery. We also have traveling medical professionals from out of state who stay with us.

But, I admit, I'm a little nervous.

"That's my job, to provide a vision in terms of where we are going and to make sure then that my team is implementing [that vision]." ~Obama on "Change"

• ##### sorry to hear that...(3+ / 0-)
Recommended by:
hazey, webranding, MKSinSA

You'd think the Holidays would be a bad time for news like this but I guess not in 2008..  Hopefully you didn't get it in an email or something which sadly isn't unheard of nowaday..   Good luck to you and hang in there...

"When the power of love overcomes the love of power, the world will know peace."-- Jimi Hendrix (1942-1970)

• ##### slr249---a tip: Starting Monday, your new(6+ / 0-)

FULL TIME job is to be LOOKING for a job.

It is not something you do a few hours a day---you must devote your full energy to it.  Call any and all contacts you have; no matter how old.

Fight, fight, fight---remember there are thousands out there looking for YOUR job!!

Sorry for the news---good luck to you.

• ##### Hmmm...(11+ / 0-)

The outlying cause of our financial crisis is corporate management.

Congress is also 'corporate management' in my mind.

I'm sorry for your loss of your job. I remember when that happened to me (after 17 years w/ the organization) and sitting at a table while 3 spunky young men told me that I was getting the axe. I'm still mad, can you tell?

They were probably in pre-school when I had started working there.

• ##### MBA programs(9+ / 0-)

caused this.  When businesses were run by people who either worked their way up or were the actual owners of the company, things were well-run.  The minute you hire someone because they know how to make money rather than how to make your particular widget, the widgets get crappier and the business begins to fail.  It may take years but interchangeable managers and CEOs have no interest in a product.  They just need to show profit on paper.  Hell, now they get rewarded for killing their companies!

-7.62, -7.28 "We told the truth. We obeyed the law. We kept the peace." - Walter Mondale

[ Parent ]

• ##### MBA programs (2+ / 0-)
Recommended by:
luckylizard, MKSinSA

Yes yes yes, I've been saying this for years!

• ##### Leeches....(3+ / 0-)
Recommended by:
kurt, Bernie68, MKSinSA

They just suck everything out of a company and then move on.

-7.62, -7.28 "We told the truth. We obeyed the law. We kept the peace." - Walter Mondale

[ Parent ]

• ##### MBA students...(1+ / 0-)
Recommended by:
raboof

are assholes, too. At least all the ones I've ever met.

• ##### But also...(2+ / 0-)
Recommended by:
luckylizard, chrome327

if you make good widgets, your profits go down. People don't need to replace them. So it's to everyone's benefit to make crap.

• ##### Gotta give you that... n/t(1+ / 0-)
Recommended by:
modchick65

-7.62, -7.28 "We told the truth. We obeyed the law. We kept the peace." - Walter Mondale

[ Parent ]

• ##### It sucks.(3+ / 0-)
Recommended by:
hazey, hrambo16, kurt

Especially when you know you were good at what you do, and it was a boneheaded move.

However... it was a boneheaded move. So they will do more boneheaded things, and won't have you to bail them out.

GET REFERENCES NOW.

While they still miss you, while they are suffering from you being gone, while they feel guilty. Get it in writing and nudge them to say how good you were and are.

WereBear
Pootie fan? Me too! Check out my cat advice blog.
The Way of Cats

• ##### Save, save, save if u have any doubt(0+ / 0-)

Going to be another long nightmare compliments of yet another Bush and, repuks want to send jeb up for the trifecta.

• ##### Sorry to hear about your job/what i learned today(2+ / 0-)
Recommended by:
kurt, Snickers77

I know that losing your job sucks (been there) and I know that misery loves company and maybe this is inappropriate but I was where you are now in that I felt like the Big 3 didn't deserve a bailout but today I watched CSPAN and realized we have all been getting lied to by our major media outlets.

1. The Big 3 have actually already improved their quality and right now they are up to the same standards as most of their foreign competitors.
1. The major reasons why foreign companies have lower labor costs in this country are

A. They get subsidies to come to certain right
to work states.
B. Their countries have socialized health care
so that is not something they have to supply
as   an operating expense

1. The Chevy Volt is 1 year away not 2.  I should have realized this but like any other car when they are talking about a 2010 model it comes out at the end of 2009
1.  The financial crisis is the major factor in why they need a bridge loan.  They have been selling around 17 million units yearly and then this year it dropped sharply to a little over 10 million.
1.  Foreign companies have ALSO seen their sales drop around 30 percent or more because of the global financial crisis.  In fact other countries are bailing their car companies out just like ours are asking for
1.  Because the demand for cars is rising dramatically in medium sized countries if the Big 3 can make it through this crisis they have a great chance at making big profits consistently because of the new markets opening up
1. The Big 3 had already been making changes and the union has been making concessions for like the last 4 or 5 years before they financial crisis hit.  So they are being blamed for a business plan they no longer have and haven't had in at least a couple of years.
1.  If Congress or Paulson would actually make the banks loan out the damn money that has already been given to them then the Big 3 wouldn't need a bailout.

One last thing to consider for everyone who has lost a job and are against the bailout.  The more people who lose their job, the harder it will be for anybody to get a new job because the ratio of people applying for the few jobs that are available will continue to rise.  We all need to be hoping wishing or praying that these unemployment numbers start coming down or its going to make it harder and harder for the recession not to turn into a depression because as one Congressman said today the underlying problem of the financial crisis is the foreclosure crisis and the more people who lose their jobs the higher the foreclosure numbers will go and the worse our economy will be.

I will say a little prayer for you that indeed this was a blessing in disguise and that you will find a job that is truly your calling.

• ##### Sorry(0+ / 0-)

don't think it will help your spot to much but here.

http://www.ptcb.org

It can get you work till you find something better. Keep your head up. It will get better.

Religion murders people, molests children, corrupts minds. And they get to tells us who can marry for love? What's wrong with this picture.