SUBSIM Radio Room Forums - View Single Post - Has the economic crisis affected you personally?

CaptainHaplo · 09-12-09, 06:21 PM

Yes it has. Because of the downturn, my employer whom I have been with for over 5 years, has done an across the board, every person from the CEO down, salary cut of 6.5%. We have also "downsized" twice, for a total of about 75 people, consolidated specific departments (resulting in less cost but also less efficiency/productivity), as well as currently have a hiring freeze in place.

My lady also makes 15% less than she used to due to her employer being forced to cut costs/benefits.

We have had to delay the purchase of a larger home due to the economy.

I am not complaining, we each have times where things are good or bad. The fact is this is turning into an opportunity IF things continue as they are, because it is often said that necessity is the mother of all invention.

09-12-09, 06:21 PM	#14
CaptainHaplo Silent Hunter Join Date: Apr 2007 Posts: 4,404 Downloads: 29 Uploads: 0	Yes it has. Because of the downturn, my employer whom I have been with for over 5 years, has done an across the board, every person from the CEO down, salary cut of 6.5%. We have also "downsized" twice, for a total of about 75 people, consolidated specific departments (resulting in less cost but also less efficiency/productivity), as well as currently have a hiring freeze in place. My lady also makes 15% less than she used to due to her employer being forced to cut costs/benefits. We have had to delay the purchase of a larger home due to the economy. I am not complaining, we each have times where things are good or bad. The fact is this is turning into an opportunity IF things continue as they are, because it is often said that necessity is the mother of all invention. __________________ Good Hunting! Captain Haplo