ESPN Laying Off HUNDREDS

ADS said:
David Pollack and Stuart Scott need to go as well
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He'd probably file a disability discrimination lawsuit based on his crazy eye.

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Damn these evil corporations for making business decisions when the entire market is at an all time high. I wish they would just eliminate all corporate strategy for the future and assume the current market trend will continue forever.

 
They made a policy decision. They decided to invest billions into the SEC and build a $125 million facility at the expense of many of their long-time loyal employees.

 
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This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
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QMany said:
This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
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That's the world we live in. If you are costing your company more money than you are worth, you're probably going to (and deserve to) lose your job. That's part of capitalism, where companies have the right to fire you for being too expensive.

Companies exist to make money. ESPN is no different. Turning this into a "greedy corporation trying to make more money" argument is silly and pointless. They are doing what they're supposed to. Get over it.

 
KJ. said:
QMany said:
This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
Click to expand...
Click to expand...
That's the world we live in. If you are costing your company more money than you are worth, you're probably going to (and deserve to) lose your job. That's part of capitalism, where companies have the right to fire you for being too expensive.

Companies exist to make money. ESPN is no different. Turning this into a "greedy corporation trying to make more money" argument is silly and pointless. They are doing what they're supposed to. Get over it.
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have not seen anything to substantiate this claim. quite the opposite. seems like the employees are doing quite well for their company.

there was a time where any form of an economy was to provide jobs to people. the idea was that the freer the markets, the greater the liberty. now, neither of those are true and the only goal is to get shareholders rich. this mba mindset is troubling as a weakened workforce is the greatest threat to the overall health of the economy. but, hey, we should get over it. at least the opulent minority who own shares are getting taken care of.

 
KJ. said:
QMany said:
This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
Click to expand...
Click to expand...
That's the world we live in. If you are costing your company more money than you are worth, you're probably going to (and deserve to) lose your job. That's part of capitalism, where companies have the right to fire you for being too expensive.

Companies exist to make money. ESPN is no different. Turning this into a "greedy corporation trying to make more money" argument is silly and pointless. They are doing what they're supposed to. Get over it.
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Spare me the bullsh*t MBA rhetoric. They do teach forecasting and business ethics also, right? Forecast better! They brought these 400 on because they forecasted the need. They are dropping them because they made policy decisions to spend crazy amounts of money elsewhere (billion dollar contracts and unnecessary $125 million studios) and now need to cut.

 
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KJ. said:
QMany said:
This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
Click to expand...
Click to expand...
That's the world we live in. If you are costing your company more money than you are worth, you're probably going to (and deserve to) lose your job. That's part of capitalism, where companies have the right to fire you for being too expensive.

Companies exist to make money. ESPN is no different. Turning this into a "greedy corporation trying to make more money" argument is silly and pointless. They are doing what they're supposed to. Get over it.
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How were those 400 employees costing a billion dollar monopoly like ESPN money?

 
This isn't just and ESPN thing, this is a Disney push. And a perfect indictment of everything that is wrong with publicly traded companies.

 
KJ. said:
QMany said:
This was purely about a company making a LOT of money (rumored internally to be $500 million ever other month) wanting even more and getting it at the expense of a lot of people and their lives. If they truly cared about their employees, they could have gotten creative with options for wage reductions or early retirement options. They hacked 400+ people and will no doubt replace those 400+ people with younger, cheaper, less experienced people.
Click to expand...
Click to expand...
That's the world we live in. If you are costing your company more money than you are worth, you're probably going to (and deserve to) lose your job. That's part of capitalism, where companies have the right to fire you for being too expensive.

Companies exist to make money. ESPN is no different. Turning this into a "greedy corporation trying to make more money" argument is silly and pointless. They are doing what they're supposed to. Get over it.
Click to expand...
jpyTI.gif


 
sd said:
have not seen anything to substantiate this claim. quite the opposite. seems like the employees are doing quite well for their company.

there was a time where any form of an economy was to provide jobs to people. the idea was that the freer the markets, the greater the liberty. now, neither of those are true and the only goal is to get shareholders rich. this mba mindset is troubling as a weakened workforce is the greatest threat to the overall health of the economy. but, hey, we should get over it. at least the opulent minority who own shares are getting taken care of.
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That has always been the only goal. Corporations don't exist to boost the economy or to hand out jobs to those who could use one. They exist to make money and it is their right to do whatever they want within the law to make as much of it as possible. That has always been the case.

QMany said:
Spare me the bullsh*t MBA rhetoric. They do teach forecasting and business ethics also, right? Forecast better! They brought these 400 on because they forecasted the need. They are dropping them because they made policy decisions to spend crazy amounts of money elsewhere (billion dollar contracts and unnecessary $125 million studios) and now need to cut.
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http://www.investopedia.com/terms/s/sunkcost.asp

ADS said:
How were those 400 employees costing a billion dollar monopoly like ESPN money?
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Wouldn't know, but ESPN could have profits of a billion, million, zero, or negative one billion and the cost of those employees is the same. You can be mad at them all you want for firing all those people, but don't make this an issue of them making "too much money" or something like that. Like I already said, businesses exist to make money. If ESPN thinks they can make more of it without those 400 people, then more power to them.

That's just how the system works. If you don't love it, leave it.

 
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