Page 1 of 5 12345 LastLast
Results 1 to 15 of 71
  1. #1
    Hall-Of-Famer
    Points: 92,114, Level: 94
    Level completed: 46%, Points required for next Level: 1,036
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2006
    Location
    Johnston
    Posts
    4,165
    Points
    92,114
    Level
    94
    Thumbs Up
    Received: 35
    Given: 78

    Principal Financial Group....

    and the hits keep coming...

    get your life jackets.

    75 more bite the dust.


    Quote Originally Posted by JonDMiller View Post

    Dosry, You know what? I think I'll agree with you :)

    Quote Originally Posted by bos
    You sir are a legend.

  2. #2
    Addict
    Points: 86,749, Level: 91
    Level completed: 64%, Points required for next Level: 701
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    BigBake's Avatar
    Join Date
    Mar 2006
    Location
    U'dale
    Posts
    5,592
    Points
    86,749
    Level
    91
    Thumbs Up
    Received: 15
    Given: 59

    Re: Principal Financial Group....

    Just heard same thing thru the grapevine. At some point the company itself has to struggle to remain operational with laying off that many ppl.


    Fanatic #25

  3. #3
    Rookie
    Join Date
    Aug 2008
    Posts
    351
    Thumbs Up
    Received: 0
    Given: 0

    Re: Principal Financial Group....

    Quote Originally Posted by BigBake View Post
    Just heard same thing thru the grapevine. At some point the company itself has to struggle to remain operational with laying off that many ppl.

    PFG employs 15k...75 will not rock the boat.



  4. #4
    Hall-Of-Famer
    Points: 92,114, Level: 94
    Level completed: 46%, Points required for next Level: 1,036
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2006
    Location
    Johnston
    Posts
    4,165
    Points
    92,114
    Level
    94
    Thumbs Up
    Received: 35
    Given: 78

    Re: Principal Financial Group....

    Quote Originally Posted by isu200023 View Post
    PFG employs 15k...75 will not rock the boat.
    unless you're one of the 75....

    but in all seriousness....it VERY much rocks the boat. The morale boat.


    Quote Originally Posted by JonDMiller View Post

    Dosry, You know what? I think I'll agree with you :)

    Quote Originally Posted by bos
    You sir are a legend.

  5. #5
    Addict
    Points: 86,749, Level: 91
    Level completed: 64%, Points required for next Level: 701
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    BigBake's Avatar
    Join Date
    Mar 2006
    Location
    U'dale
    Posts
    5,592
    Points
    86,749
    Level
    91
    Thumbs Up
    Received: 15
    Given: 59

    Re: Principal Financial Group....

    Quote Originally Posted by isu200023 View Post
    PFG employs 15k...75 will not rock the boat.
    I was talking more of a sum of the last year of layoffs.


    Fanatic #25

  6. #6
    Pro
    Points: 44,950, Level: 65
    Level completed: 54%, Points required for next Level: 600
    Overall activity: 4.0%
    Achievements:
    SocialVeteran25000 Experience Points
    Wx4Cy's Avatar
    Join Date
    May 2007
    Location
    West Des Moines
    Posts
    2,380
    Points
    44,950
    Level
    65
    Thumbs Up
    Received: 1
    Given: 0

    Re: Principal Financial Group....

    Quote Originally Posted by dosry5 View Post
    unless you're one of the 75....

    but in all seriousness....it VERY much rocks the boat. The morale boat.
    That boat has already sunk...



  7. #7
    All-Star
    Points: 20,470, Level: 43
    Level completed: 69%, Points required for next Level: 280
    Overall activity: 0%
    Achievements:
    SocialVeteran10000 Experience Points

    Join Date
    May 2006
    Location
    Milwaukee, WI
    Posts
    1,074
    Points
    20,470
    Level
    43
    Thumbs Up
    Received: 3
    Given: 0

    Re: Principal Financial Group....

    On a lighter note- I'm enjoying the nice uptick in stock price as of late. Mid-20's by July and you'll see this guy smiling.......



  8. #8
    Hall-Of-Famer
    Points: 92,114, Level: 94
    Level completed: 46%, Points required for next Level: 1,036
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2006
    Location
    Johnston
    Posts
    4,165
    Points
    92,114
    Level
    94
    Thumbs Up
    Received: 35
    Given: 78

    Re: Principal Financial Group....

    Quote Originally Posted by Wx4Cy View Post
    That boat has already sunk...
    yeah, it's pretty sad when you ask your boss, who is a director, if there is any light at the end of the tunnel for the company and he just looks at you and shrugs his shoulders....


    Quote Originally Posted by JonDMiller View Post

    Dosry, You know what? I think I'll agree with you :)

    Quote Originally Posted by bos
    You sir are a legend.

  9. #9
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: Principal Financial Group....

    It's all in 1 area. It's an area that's been doing rounds of layoffs for about a year now.

    We're talking about less than 1,000 Layoffs in the past year out of over 15,000 people. It sucks, but there are companies in much worse positions...



  10. #10
    Hall-Of-Famer
    Points: 83,979, Level: 90
    Level completed: 13%, Points required for next Level: 1,571
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    May 2006
    Location
    Houston, TX
    Posts
    3,610
    Points
    83,979
    Level
    90
    Thumbs Up
    Received: 23
    Given: 4

    Re: Principal Financial Group....

    That is one thing about how Principal is doing this that makes me wonder what they are thinking. The dripping it out method is much worse for moral and their image as an employer than on large (perhaps even larger than needed to be safe) cut.

    What is the total with the last group? I think it is less than 1,000 so let's say last November or December they announced 1,000 cut world wide or about a 6% cut. Would we still be talking about it now?



  11. #11
    Hall-Of-Famer
    Points: 92,114, Level: 94
    Level completed: 46%, Points required for next Level: 1,036
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2006
    Location
    Johnston
    Posts
    4,165
    Points
    92,114
    Level
    94
    Thumbs Up
    Received: 35
    Given: 78

    Re: Principal Financial Group....

    Quote Originally Posted by cyeah View Post
    That is one thing about how Principal is doing this that makes me wonder what they are thinking. The dripping it out method is much worse for moral and their image as an employer than on large (perhaps even larger than needed to be safe) cut.

    What is the total with the last group? I think it is less than 1,000 so let's say last November or December they announced 1,000 cut world wide or about a 6% cut. Would we still be talking about it now?
    Obviously nobody wants to get cut...but it's to the point that the rumors are so persistent around the campus that it would be best--you almost want them to--just make one big cut and get it all over with. Morale went away from here along with the clocks.


    Quote Originally Posted by JonDMiller View Post

    Dosry, You know what? I think I'll agree with you :)

    Quote Originally Posted by bos
    You sir are a legend.

  12. #12
    Addict
    Points: 174,460, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    GeronimusClone's Avatar
    Join Date
    Oct 2008
    Location
    Des Moines, IA
    Posts
    8,249
    Points
    174,460
    Level
    100
    Thumbs Up
    Received: 1
    Given: 0

    Re: Principal Financial Group....

    Is it true Wells Fargo is adding a lot of jobs in DSM?


    Quote Originally Posted by MNCyGuy View Post
    The only answer to "who/what is GeronimusClone?" is in fact "GeronimousClone". You're like The Todd on Scrubs.
    Quote Originally Posted by Angie View Post
    This is why you're my favorite

    Quote Originally Posted by MoreCowbell View Post
    GC, he's obviously all man. And I don't think Ellen would go *****, even for GC...

  13. #13
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: Principal Financial Group....

    Quote Originally Posted by cyeah View Post
    That is one thing about how Principal is doing this that makes me wonder what they are thinking. The dripping it out method is much worse for moral and their image as an employer than on large (perhaps even larger than needed to be safe) cut.
    Here's the problem with that: when you do a corporate wide action, the high level execs tell each Business Unit to cut a certain amount of money. You had all Business Units lay people off due to pressure from the top.

    Now, they are letting the Business Units handle it on their own. The thing is that there are a few bright spots in the company that are doing well, and it wouldn't be fair to try to force those areas to cut people when they don't have it. I think that's why they do not just go ahead and do another big corporate one...



  14. #14
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: Principal Financial Group....

    Quote Originally Posted by GeronimusClone View Post
    Is it true Wells Fargo is adding a lot of jobs in DSM?
    Last I heard they were not. They had a good quarter, but I think they're still being cautious...



  15. #15
    Speechless
    Points: 410,063, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 16.0%
    Achievements:
    SocialVeteran50000 Experience Points
    alarson's Avatar
    Join Date
    Mar 2006
    Location
    West Des Moines, IA
    Posts
    21,389
    Points
    410,063
    Level
    100
    Thumbs Up
    Received: 484
    Given: 212

    Re: Principal Financial Group....

    Quote Originally Posted by GeronimusClone View Post
    Is it true Wells Fargo is adding a lot of jobs in DSM?
    I've heard they are.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: FS1
  • Iowa State vs. Oklahoma
  • November 1, 2014
  • 11:00 AM