Wednesday, February 18, 2009

Recession hits home

Relax, don't worry, have a beerI'm going to go off on a tangent today and veer away from my usual beer posts to talk about the recession a bit. Ya, I know, the recession is hitting everyone hard these days and nobody likes having to deal with it. Well today I got hit with a bit of bad news from work. Granted it could have been a lot worse, but still, it's hitting home and in the wallet.

My regular day job has kept me happily employed for the last 25 years. Today, our corporate CEO announce our quarter one earnings for the company and in a nutshell, we missed our numbers for the last 3 months. So, no surprise, our CEO is obligated to the shareholders to make some adjustments in order to have a shot at making numbers for next quarter and the rest of the year.

The news they gave to all of us employees was this: We could do 20% layoffs company wide but they don't want to do that. Instead, they are going to cut salaries across the board and cut some of our benefits back. OK, fair enough. I can handle not potentially losing my job in exchange for a cut back. Afterall, our company has had to do this a couple of times in the past.

During the last few years, it's been nothing but layoffs and dodging bullets to keep my job. I was on the chopping block 3 1/2 years ago but managed to get a last minute transfer to another account within the company.

I'm glad to see that the company is considering alternatives to layoffs in these tough times. It's better to retain good people than to let them go because eventually we will come out of this recession and will need to be at full strength in order to move forward and stay competitive.

Still, the thought of having to do with less money for the foreseeable future is hitting me tonight. I'm consoling myself with a glass or two of Deschutes Black Butte XX tonight and contemplating my future. It's bad enough to lose income but when you top it off with the fact that this economy is going into the dumpers right now we all need some glimmer of hope to hang on to.

I'm hoping that all of you out there are managing to hang on to your jobs and keep a steady income coming in. I hope we can all still have the means to sit back and enjoy some of life's rewards. For me, family, friends, and the occasional good beer at the end of the day is all that I need.

I hope that the recent government bailout will help kick start the economy a bit. I realize it will probably get much tougher before it gets better so we'll have to buckle down as best we can for the next year or so.

I raise my glass to you, good readers, tonight and hope that the times ahead won't be too tough on you all. We could all use some good news. Let's hope we all get some soon. Cheers!

This article came from
Help us grow. Forward this article to a friend and have them subscribe here