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Originally Posted by firstdown
I love your links. The first one had an unnamed first example. The 2nd used Adobe saying it laid off employees and was not loosing business but the link showed their stock had gone from $40 some dollars to $20 some (that raking in the profits). The second uses a nanny who was not doing her job as an example. LMAO
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Yes. They showed where Adobe reported record revenues and still laid off people.
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Adobe registered fourth-quarter revenue of $915.3 million, up $4.1 million from Q4 2007 and up $23.9 million from last quarter. Net revenue was $245.9 million, working out to 46 cents / share. Annual revenues were also record-breaking -- $3.580 billion, for 13% year-over-year growth. That's in line with the company's targets at the start of the year.
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It's not hard to figure this out. It's called PR. Why would a company take the negative PR hit on slashing jobs when they can just point at the economy and use that as an excuse? The point of the links was to show that instead of companies (small, big, etc) coming out and taking the negative PR hit, they just used the shitty economy as their excuse to lay off people(or fire nannies) even if the bad economy didn't affect them in any way. Politicians then piggy back off of the companies excuses to blame whoever is in office at the time for such job loss even though it had nothing to do with them.
Also, you do realize you can be highly productive and your stock still plummet right? You do realize that in 2008, the stock market and Wall Street took a huge dump? You remember, your good ole buddy GWB right? Those years!