Monday, January 19, 2009

Supply and Demand in action

My world was shaken last Thursday. 

It started out pretty unremakable, just like any other day. As usual, I woke up a bit late, and as usual traffic in EDSA was really, really bad. Nothing remarkable really. Just another day in the office... reports to generate, meetings to go to, another ho-hum day.

The email came in around 9am. It was sent by top management and addressed to all. The subject - the company's redundancy program. The outcome - 500 "redundant" employees out of their jobs by the end of the day.

I never thought that it would come to this. Sure there were measures to address the growing numbers of resource on "bench", penny pinching was the name of the game. First to go were the iced teas and juices, next came the tissues, and the more subdued Chirstmas party. But in the end, the company could only do so much. In the end, it had to cut its losses. 

It was an economic decision. A way for the company to survive. A classic case of supply and demand. 


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