What Do You….And All These Companies Have In Common?
YOU, along with Hewlett Packard, Chesapeake Energy, Caterpillar, ConAgra Foods, Walmart, Sprint, and AMD are releasing, or letting go of what no longer serves you, AND them. You cut back on expenses when the bills are getting high, and they are doing the same….by laying off employees. That’s right, these companies are doing what they have to do to stay in business. Labor cost is one of the largest expense for any company.
So what’s your household’s largest expense right now? What service and/or products would you put on the chopping block first? That decision trickles down throughout the economy. So let’s check out this list of major corporate downsizing……
HP announced it would cut 25,000 to 30,000 jobs amid a separation of the company into two entities: Hewlett Packard Enterprise Co. and HP Inc. HP expects the split to be completed on Nov. 1, a day after Hewlett Packard Enterprise starts trading on the New York Stock Exchange.
Chesapeake Energy Corp.
Chesapeake is cutting 740 employees, or 15% of its workforce. The majority of the layoffs will affect the company’s headquarters in Oklahoma City. This energy producer has been struggling with debt and lower oil prices.
Another company feeling the slump in oil prices is Caterpillar, who said it plans to cut its workforce by more than 10,000 people by 2018. Most of the layoffs will occur by the end of 2015.
ConAgra announced on Oct. 1 that it plans to cut 1,500 jobs, or 30% of its workforce, as part of a goal to create about $200 million in cost savings. The packaged foods company is also moving its headquarters to Chicago from Omaha, Nebraska.
Walmart is cutting 450 jobs at its headquarters in Bentonville, Arkansas as part of a management structure reorganization. Chief Executive Doug McMillon said in an internal memo that the layoffs aim to make the mega retailer a “more nimble organization.”
Sprint disclosed that it will cut jobs over the next six months as it seeks to cut costs by $2-2.5 billion, though it did not elaborate on how many. The company says the decision was made upon realizing that it is spending too much on measures such as gaining new customers and rebuilding its network.
Chipmaker AMD is laying off about 500 employees globally as part of a restructuring plan. As a result it will outsource some of its IT services and app development
Source: Fox Business
With all these layoffs, things seem a little scary in the work force.
- Is your job safe?
- Are you on the chopping block?
Do you have a back-up plan?
Let me tell you about a friend of mine….recently she was laid off, and I tried to help with a back up plan before it happened….. But, she thought her job was safe. And, then she told me, “oh I don’t need to look into that opportunity online, I will find a job quickly. Well, she didn’t!
After she almost blew through her entire savings account, she came to me, and joined this program. Now, she has replaced what her old job was paying her and then some. She is earning over $700 a week to post for major companies on social media. She posts online for major companies like the ones you see here.
She then went on to tell me that now, 6 months later, she was more financially secure than she had ever been, and that it was all thanks to the Facebook.
Most businesses have Facebook, Twitter and other social media accounts that they just don’t have time to manage themselves, so they pay people like her to do it for them part time from home.
It’s so easy anyone can do it…..
- So, before you think “It won’t happen to me” download your