We are in a recession with a capital “R” right now. And companies are letting their employees know it. Laying people off, cutting salaries, reducing benefits, eliminating 401k matches and scaling back hours are just some of the cost-savers companies are doing to boost their bottom lines. It seems like almost everyone I know at least knows someone who has been affected. What’s going on at your work? How is your company cutting back at your expense?
Do you think all this cutting is necessary? Or do you think some companies are just using the bad economy as an excuse to take away things from you or for getting rid of some of your co-workers? Is it just conspiracy-thinking or is it a legitimate concern right now?