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mcgrathdylan
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Blogger
re: Has the layoff wave begun?
mcgrathdylan   11/16/2011 3:16:06 AM
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You are correct daleste. Somehow I missed this late last week. http://www.dallasnews.com/business/headlines/20111111-texas-instruments-to-cut-about-350-national-semiconductor-jobs.ece

daleste
User Rank
CEO
re: Has the layoff wave begun?
daleste   11/16/2011 2:27:28 AM
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You left out the 350 that TI is letting go. The article in the paper said that most will be from the National employees.

HVREDDY
User Rank
Rookie
re: Has the layoff wave begun?
HVREDDY   11/15/2011 5:51:09 PM
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I would still recommend the engineering profession for the young... Otherwise we will only have a service economy - bunch of MBA's selling/trading junk they don't even understand. We need to get the CEO pay etc to be in par with those in Germany or Japan. We need to reward managers who think long term and not short term.... We need to impose fine on Corporations that setup shell companies offshore to hide profits (start to delist them). Then you will see the manufacturing coming back .. Last but not least fix the university education so that science and engineering graduates stay and complete the programs.. Take a lesson from UMBC....

selinz
User Rank
CEO
re: Has the layoff wave begun?
selinz   11/15/2011 2:10:16 AM
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Well I have always liked supporting the "little guys" but if AMD is going to ship most of the engineering jobs oversees, this engineer is going to reevaluate.

Bill Teasley
User Rank
Rookie
re: Has the layoff wave begun?
Bill Teasley   11/15/2011 12:48:32 AM
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Engineering is still one of the better paying professions. America has to maintain a worker visa program for engineers because we don't train enough in the U.S. anymore. No job comes with a guarantee of employment. We should recommend engineering to young adults today. We should also insist on a tax code that doesn't encourage shipping our jobs off shore. Finally we should all take responsibility for what has happened to American engineering, manufacturing and jobs in general. We can all be more vocal about offshoring in our voting and even at work. It's easy to blame a top manager, but when was the last time you told them they were wrong? Speak your mind in venues where it makes a real difference.

Sanjib.A
User Rank
CEO
re: Has the layoff wave begun?
Sanjib.A   11/12/2011 7:04:50 AM
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Just like any great technological breakthrough, there is a need of a big "Managerial Breakthrough"...kind of a revolution in leadership styles. Why can't there be any other solutions? Laying of people in the old fashion way is just a temporary solution which is readily available in the leaders' hand with out the need of having to stress their brains in finding a long term solution which could be win-win for both the employers and the employees. I think the first thing which should be avoided is reacting on panic. The second should be develop a long term perspective by the leadership, board of directors. Third could be developing a strong financial team that has a long term vision to take care of this economic ups and downs...just trying to think revolutionary, it might sound stupid...beg your Purdon..I'm just a technical person.

Mxv
User Rank
CEO
re: Has the layoff wave begun?
Mxv   11/12/2011 1:04:51 AM
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This country is on the way down fast. The gutting of the middle class will cause an economic stagnation the likes of which we haven't seen since the 70s. If all these corporations are hoarding cash why aren't they hiring. Don't give me that republican "uncertainty" BS. It's lack of leadership in government. We need to change the tax laws to favor American workers. Tax the corporations that sell goods and services in the US and provide a tax credit for hiring American workers. The effect will be to suck those jobs back to America where they belong. Every American worker should push this proposal in every social network. Build a grass roots movement. Support #OWS. Wall Street greed has destoryed our lives like no terrorist ever could.

DrFPGA
User Rank
Blogger
re: Has the layoff wave begun?
DrFPGA   11/11/2011 8:04:51 PM
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So- would you recommend to a high school gradualte that they go on to get an engineering degree? It was a no brainer maybe 30 years ago, but now? I don't think so...

Dark Mage Software
User Rank
Rookie
re: Has the layoff wave begun?
Dark Mage Software   11/11/2011 6:27:40 PM
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Okay, so, let's get this economic strategy straight. "We want more engineers in China and India and less in the United States." Okay. So, one would assume that most of their products are sold in China and India and fewer are sold in the United States, right? No? Well, at least the Chinese and Indian people buy from their American customers, right? No? Then forgive me for this, but how exactly is this helping the company? Sure, they save a few hundred thousand dollars today - maybe even a million or two - but sooner or later the lost sales have to manifest in lost revenues. Basically, by exporting the jobs, you are flushing the cash down the toilet. Actually, it's more like setting it on fire. You can heat your home for a few hours with the flames, and maybe cook a meal or two, but then what? In the end, you have no money, no heat, and no light. I can hardly wait until the boards of directors at these companies wake up and ask "hey, wait. We have moved manufacturing overseas. We have moved IT overseas. We have moved engineering overseas. Why do we need American CEOs again?"

Sheetal.Pandey
User Rank
Manager
re: Has the layoff wave begun?
Sheetal.Pandey   11/11/2011 7:41:26 AM
NO RATINGS
Oh yes 2008 was financial situation was really bad. I was just chatting with someone who was in Boston that time, even for a dollar CEO's approval was required.

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