Principal Layoffs - 3-10-09

Re: Principal Lays Off 550

I've heard a rumor about today - have you heard something too?
 
Re: Principal Lays Off 550

Didn't know that, it's not KCCI.com or DMRag yet.
 
Re: Principal Lays Off 550

I do an inventory of assests every year and I have some Principal Stock. A year ago it's value was $54 per share. On Sunday I looked it up and it was at $6.00 per share.:no:
 
Re: Principal Lays Off 550

I heard a much larger number was in the works but it could have just been a rumor.
 
Re: Principal Lays Off 550

Someone needs to change this thread title or let this thread go and start a new one. It appears at first that Principle is letting over 500 people go. Then you really have to read it to understand that was an article from December.
 
Re: Principal Lays Off 550

they sent out an email already announcing it.


So, are you saying that those that are getting the axe have already been notified? I do know something is up. I heard a rumor about today and I have also heard Iowa Workforce development has been put on notice to prepare for Thursday. I know there was an extensive executive meeting yesterday in 801. Not a good time to be in this industry.
 
I believe 63 have been notified today - though rumors are constant about larger numbers at any time.
 
Does anyone know of any business/professional forums where there may be some credible chatter on this?
 
I don't know of any more professional than this:jimlad: You could call Marty for something credible:jimlad:


But seriously, I don't know of any.
 
Wow did I get out at a good time if these rumors are true. (somehow managed to dodge the first 3 cuts)

2 weeks ago I was a Principal employee.:cool: I knew that further cuts had to be taken eventually.
 
Wow did I get out at a good time if these rumors are true. (somehow managed to dodge the first 3 cuts)

2 weeks ago I was a Principal employee.:cool: I knew that further cuts had to be taken eventually.

Too bad you were not an employee today, severance would have been nice if you were already leaving.
 
Does anyone know of any business/professional forums where there may be some credible chatter on this?

We aren't credible?

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(Sorry, no I don't know of any other sites)