The axe is rumoured to be swinging in the City.

[Scrag Meister]

Top Firm Said Ready To Axe Hundreds (Will This Open The Floodgates ?) :: Business News :: Here Is The City News :: The Latest Business & Financial Markets News And Views

[Mich the Tester]

I'd like to go there and swing an athletics hammer instead; it will swing at a much higher speed and ultimately produce a lot more gore than an axe.

[norrahe]

Doooooooooooom.

Piffle and speculation yet again.

Just another cycle of redundancies that most of these companies go through every couple of years to get rid of unwanted chaff, the recession is their excuse to do so.

[Mich the Tester]

Doooooooooooom.

Piffle and speculation yet again.

Just another cycle of redundancies that most of these companies go through every couple of years to get rid of unwanted chaff, the recession is their excuse to do so.

Actually I think it's more random than that. Good friend of ours is a psychologist and counsellor who deals with stressed out CEOs and the like; she'll tell you that some of them happily consult astrologers before major reorganisations.

[Mich the Tester]

It brings me to a more important question; is there any point in doing a good job if you work for a multinational? Every few months, the quarterly figures come out and if they’re 0.1% below ‘analyst’s expectations’ then someone in the boardroom presses the red button on the redundancy randomiser and you’ve got a 1 in x chance of losing your job.

Many permies realise this and wisely avoid doing any work that might leave them tired at the end of the day; a few leave and go contracting, thereby becoming equally expendable but somewhat wealthier. Others manage to blame someone else for anything that goes wrong and have a 1 in y chance of someday being paid a large sum to press buttons on the redundancy randomiser. Those who don’t fit these categories end up living under bridges drinking methylated spirits.