as far as I understand dr reed did well timing the selling of his shares back in early 2000's
Milan.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Logicack sacking 1300 people
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Logicack sacking 1300 people"
Collapse
-
Originally posted by bobspud View PostCMG never made anyone redundant. It was a badge of honour for them. The crap hit the fan after they waisted a pile of cash buying Admiral and ended up going cap in hand to dr reed...
All down hill from there.
Contacted some people still at Logica after reading this thread - they'd heard nothing about it!!
Somethings never change... The company is going to the wall and will likely be bought up by the likes of Wipro or Tata.
Leave a comment:
-
my first job was at log, I learn't .net there and then left and went contracting
I can't say a bad word for log
Milan.
Leave a comment:
-
Originally posted by Mich the Tester View PostSeeing as they seem to do this with metronomic regularity, perhaps something they've learned from the CMG days, why do people ever bother joining them?
All down hill from there.
Leave a comment:
-
Originally posted by administrator View PostYup, am sure the market is the same here and that we are just at this particular point of the cycle again. May be a year or two until things look to recover though IMO, we ain't nowhere near out of the woods yet. 2012 could be an interesting year.
I love this quote. Have you been hanging around dark basement garages Admin looking for a man called Deep throat again!
Leave a comment:
-
There seems to be a big shortage of testers about, both permie and contract. Long may it continue
Leave a comment:
-
Originally posted by Mich the Tester View PostMy father told me that to make a good living, it's best to either do something nobody else CAN do, or something nobody else WANTS to do. Seeing as my intellect precludes the former, I ended up doing the latter.
The problem with something nobody else CAN do is that unless you find a good niche, the market will find alternatives.
Leave a comment:
-
Originally posted by Mich the Tester View PostYep, and here in NL when sacked permies go on the freelance market they do so without calculating the business costs like insurance, transport etc, so they offer themselves at stupidly low rates thinking they're going to be quids in (or euros in) at 35 euros per hour. It generally takes 4-5 months for the new contractors to realise they're going bust and start looking for a permie job and for the clients to realise they've hired useless numpties, then things sort themselves out again. Nothing to panic about.
Leave a comment:
-
Originally posted by administrator View PostNot only more contractors joining the market but recently dumped permies tend to muscle in on contracts when there is little choice. As the CUK news this morning said, not only does it increase competition but it can also help put downward pressure on rates.
Banking IT contractors 'face further rate drops' :: Contractor UK
Some dicksplat I came across last time this happened told me 'wow, if I add this BTW (Dutch VAT) to my invoice and then I get 19% more!' Needless to say, after a very short time he had an expensive disagreement with the taxman.Last edited by Mich the Tester; 14 December 2011, 13:40.
Leave a comment:
-
Originally posted by The Spartan View PostDoes this mean there will be more skilled people on the market to contend with?
Banking IT contractors 'face further rate drops' :: Contractor UK
"Recruitment in other sectors is meanwhile flat", she said. "[So] daily rates will drop further, as recently unemployed full-time employees join the contractor ranks."
Leave a comment:
-
Originally posted by The Spartan View PostI'd have to agree even though I am bias, I've been testing for about 6 years myself. What made you choose testing instead of staying a DBA?
Leave a comment:
-
Originally posted by Mich the Tester View PostAh, but not every idiot can break something with the exquisite beauty, timing and general panic causing brilliance that a really good tester can.
Leave a comment:
-
Originally posted by Spacecadet View PostTesting must be one of the easiest and most infuriating jobs there is
My father told me that to make a good living, it's best to either do something nobody else CAN do, or something nobody else WANTS to do. Seeing as my intellect precludes the former, I ended up doing the latter.
Leave a comment:
-
Originally posted by SimonMac View PostDo you need any skill to be a Tester? Evolution has shown any idiot can break something
Testing must be one of the easiest and most infuriating jobs there is
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: