"I Calls Em Like I Sees Em!"
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Feb 9, 2009

Worst Economic News In A While, For Me Anyway!!

I stole the snippets below from a Yahoo article that totally freaked me out. Whatever will I do on a Friday night?

Blockbuster. (BBI; about 60,000 employees; stock down 57%). The video-rental chain has burned cash while trying to figure out how to maximize fees without alienating customers. Its operating income has started to improve just as consumers are cutting back, even on movies. Video stores in general are under pressure as they compete with cable and Internet operators offering the same titles. A key test of Blockbuster's viability will come when two credit lines expire in August. One possible outcome, according to Valueline, is that investors take the company private and then go public again when market conditions are better.

If Blockbuster falls I may cry...I am a bit of a Blockbuster junkie & there is no way I could start using Netflix or something, the best part about renting a movie is browsing the store & reading the backs of all the movies & then renting it & watching it that night, not waiting until the next day!

Krispy Kreme. (KKD; about 4,000 employees; stock down 50%). The donuts might be good, but Krispy Kreme overestimated Americans' appetite - and that's saying something. This chain overexpanded during the donut heyday of the 1990s - taking on a lot of debt - and now requires high volumes to meet expenses and interest payments. The company has cut costs and closed underperforming stores, but still hasn't earned an operating profit in three years. And now that consumers are cutting back on everything, such improvements may fail to offset top-line declines, leading Krispy Kreme to seek some kind of relief from lenders over the next year.

If Krispy Kreme falls I think I'll go insane, how in the hell can I cope through hard times without their sugary goodness?


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Jan 16, 2009

Stress, Stress, and More Stress!!

So my work had to let 11 people go this week due to the economy & fortunately I was not one of them, however some of my favorite people were :( Learning this information was very upsetting to me and I have been stressed out all week about it but today I started noticing the effects of this change. See, every change has to start with me and lets just say that the word overwhelmed is a complete understatement in relation to my work load. I have been busting my ass all week to try to make this transition easier for everyone but I'm starting to feel like nobody else really cares. I understand that those who are leaving don't care but those who have to stay and continue to work in these soon to be minimal size conditions are acting like "I survived so screw it". People keep turning in new work & then wanting to know why it isn't getting done right away like it was last week...well folks, it's kind of hard to deal with new information when I have to remove loads and loads of old information from about 8 different destinations. It doesn't help that my department was cut down to 2 from 3 (my work husband was let go which made me sad) so not only do I have to do my job but I have to learn another job so I can take half of it over when he leaves, yay! I know in a couple months everything will be back to normal & we will have adjusted to the changes but for now...every week is hell week!!!!! I am very thankful that I am still employed but I'm not thankful for all of the added stress this is bringing to my life. It feels better to vent, thanks for reading.
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