Page 1 of 3 123 LastLast
Results 1 to 15 of 32
  1. #1
    Pro
    Points: 36,521, Level: 58
    Level completed: 90%, Points required for next Level: 129
    Overall activity: 2.0%
    Achievements:
    SocialVeteranCreated Album pictures25000 Experience Points

    Join Date
    May 2008
    Location
    Ames
    Posts
    2,852
    Points
    36,521
    Level
    58
    Thumbs Up
    Received: 3
    Given: 0

    More cuts at Principal

    Why the piecemeal approach? Can't be very good for morale of those still remaining. Principal Financial Cuts 40 Jobs - Money News Story - KCCI Des Moines



  2. #2
    Pro
    Points: 44,614, Level: 65
    Level completed: 28%, Points required for next Level: 936
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    Wx4Cy's Avatar
    Join Date
    May 2007
    Location
    West Des Moines
    Posts
    2,375
    Points
    44,614
    Level
    65
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    'positions for continued strength and growth' = and makes us more attractive to potential buyers.



  3. #3
    Pro Achievements:
    Veteran10000 Experience Points

    Join Date
    Mar 2006
    Posts
    2,338
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    Quote Originally Posted by Wx4Cy View Post
    'positions for continued strength and growth' = and makes us more attractive to potential buyers.
    Do you work there?



  4. #4
    Pro
    Points: 44,614, Level: 65
    Level completed: 28%, Points required for next Level: 936
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    Wx4Cy's Avatar
    Join Date
    May 2007
    Location
    West Des Moines
    Posts
    2,375
    Points
    44,614
    Level
    65
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    Nope, not anymore. Just an opinion.



  5. #5
    Hall-Of-Famer
    Points: 90,493, Level: 93
    Level completed: 61%, Points required for next Level: 757
    Overall activity: 2.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points

    Join Date
    Nov 2006
    Location
    Johnston
    Posts
    4,128
    Points
    90,493
    Level
    93
    Thumbs Up
    Received: 1
    Given: 2

    Re: More cuts at Principal

    morale is awesome.....if by awesome you mean crappy.


    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.

  6. #6
    Pro
    Points: 31,896, Level: 54
    Level completed: 96%, Points required for next Level: 54
    Overall activity: 2.0%
    Achievements:
    Veteran25000 Experience Points
    iowast8fan's Avatar
    Join Date
    Aug 2006
    Location
    Ankeny
    Posts
    2,099
    Points
    31,896
    Level
    54
    Thumbs Up
    Received: 22
    Given: 7

    Re: More cuts at Principal

    after cutting 600 jobs, they are now eligible for about 2 billion dollars in federal bailout funds. Cut 600 jobs and get rewarded by the government. I bet those 600 people are excited to have helped their former place of employment with a large sum of bailout money.



  7. #7
    Pro
    Points: 118,866, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    balken's Avatar
    Join Date
    Apr 2006
    Posts
    2,643
    Points
    118,866
    Level
    100
    Thumbs Up
    Received: 3
    Given: 0

    Re: More cuts at Principal

    Quote Originally Posted by iowast8fan View Post
    after cutting 600 jobs, they are now eligible for about 2 billion dollars in federal bailout funds. Cut 600 jobs and get rewarded by the government. I bet those 600 people are excited to have helped their former place of employment with a large sum of bailout money.
    I would like to hire approximately 600 CF posters for my business. The pay will not be competitive ($1/annum) and you will be fired after a few days on the job. However, you will also not be required to do much for work. After collecting my bailout funds I will be hosting a large tailgate this fall with free food for all former employees (nominal charge for beverages.)



  8. #8
    Speechless
    Points: 380,762, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    55,547
    Points
    380,762
    Level
    100
    Thumbs Up
    Received: 144
    Given: 112

    Re: More cuts at Principal

    There must be a bigger story here with the extensive layoffs occurring every week. They are one of only six insurance companies qualified for TARP Trap money. The company must be in worst shape than we thought.
    Prudential Among Insurers Cleared for U.S. Bailout (Update2) - Bloomberg.com


    CFH HMagic bball season next year.
    Let my Fred's Four Horsemen ride: Georges, Hogue, Nader, and McKay.

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

    Re: More cuts at Principal

    Quote Originally Posted by Wx4Cy View Post
    'positions for continued strength and growth' = and makes us more attractive to potential buyers.
    You don't know what you're talking about. Show me a company that has the money to buy Principal....



  10. #10
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    Quote Originally Posted by iowast8fan View Post
    after cutting 600 jobs, they are now eligible for about 2 billion dollars in federal bailout funds. Cut 600 jobs and get rewarded by the government. I bet those 600 people are excited to have helped their former place of employment with a large sum of bailout money.
    600 out of 10,000 is a pretty small percentage when you compare to others in their peer group...



  11. #11
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    Quote Originally Posted by Wesley View Post
    There must be a bigger story here with the extensive layoffs occurring every week. They are one of only six insurance companies qualified for TARP Trap money. The company must be in worst shape than we thought.
    Prudential Among Insurers Cleared for U.S. Bailout (Update2) - Bloomberg.com
    40 people is an extensive layoff?



  12. #12
    Pro
    Join Date
    Jul 2008
    Location
    Ames, IA
    Posts
    3,273
    Thumbs Up
    Received: 0
    Given: 0

    Re: More cuts at Principal

    Quote Originally Posted by dosry5 View Post
    morale is awesome.....if by awesome you mean crappy.
    Depends on which department you work in. I know of departments where morale is pretty good....



  13. #13
    Speechless
    Points: 717,781, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 36.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive

    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    45,682
    Points
    717,781
    Level
    100
    Thumbs Up
    Received: 462
    Given: 239

    Re: More cuts at Principal

    Quote Originally Posted by mplscyclone View Post
    40 people is an extensive layoff?
    It's huge if your job was one of them.



  14. #14
    Speechless
    Points: 380,762, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialOverdriveVeteran50000 Experience Points
    Wesley's Avatar
    Join Date
    Apr 2006
    Location
    Omaha
    Posts
    55,547
    Points
    380,762
    Level
    100
    Thumbs Up
    Received: 144
    Given: 112

    Re: More cuts at Principal

    Quote Originally Posted by mplscyclone View Post
    40 people is an extensive layoff?
    Thought I heard 40 on the radio in Omaha. They must have said 600. Sorry. For Des Moines, those are high paying jobs, but obviously some investments have gone south for the company. Are they in the derivatives market?


    CFH HMagic bball season next year.
    Let my Fred's Four Horsemen ride: Georges, Hogue, Nader, and McKay.

  15. #15
    Speechless
    Points: 249,684, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 5.0%
    Achievements:
    SocialVeteran50000 Experience Points
    BryceC's Avatar
    Join Date
    Mar 2006
    Posts
    16,402
    Points
    249,684
    Level
    100
    Thumbs Up
    Received: 11
    Given: 0

    Re: More cuts at Principal

    How long have you worked for Principal, mpls?

    I'm with the others that say I don't understand the gradual layoffs. I know some people that work there that are always in fear of losing their jobs. I'm really glad I don't have to deal with the anxiety they do.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • Football
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 06:00 PM