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The 5 companies where employees have all but given up hope.
The tough economic climate has been difficult for all of us. Companies that have been industry leaders have seen bankruptcy and others are just teetering on the edge. In addition to the decreased spending of consumers, the marketplace has changed and the companies that didn't expand and change with the times have been left out in the cold.
When a company hits hard times, the employees are the first ones to find themselves looking for another job. It happens all the time. The story of Borders ought to be a cautionary tale about what happens when a company doesn't think ahead and establish themselves as a leader in the new digital marketplace.
Some of the companies that have been struggling lately have seen an increase in the number of employees who have left to find better opportunities. Maybe they are worried that the company is going to fold and they will be laid off or they start thinking that staying with their employer isn't a good long-term option.
Here are the 5 companies where employees are already jumping ship:
Some of the companies that have been struggling lately have seen an increase in the number of employees who have left to find better opportunities. Maybe they are worried that the company is going to fold and they will be laid off or they start thinking that staying with their employer isn't a good long-term option.
Here are the 5 companies where employees are already jumping ship:
- The U.S. Postal Service - The post office is really struggling lately. They are considering closing more than 250 locations and laying off 200,000 workers. In spite of this, many of the employees aren't giving up hope just yet. The Postal Workers Union will certainly fight the lay offs and even Congress has been looking at measures to keep offices open.
- Hewlett-Packard - HP is a company that is in serious trouble. After the tech giant announced their earnings last month, their shares dropped to a 5-year low. Over the past 2 years, they have already cut their staff and are expected to announce even more lay offs soon. The company has tried to sell their PC division, but haven't had any takers yet. It looks like even their competitors don't want to buy the company, which is never a good sign.
- Talbots - The clothing store has certainly had a bad year. Over the past year, their shares have dropped from $17 to $3. The retailer is expected to close 110 stores through 2013. In an attempt to save the company, they fired their chief creative officer and it looks like this is a company that might not be able to make a come-back.
- Research in Motion - The failure of the RIM BlackBerry smartphone has certainly hurt this company. The BlackBerry just hasn't been able to compete with Apple and Android. They introduced a tablet PC, but only sold 200,000 units, because consumers were more impressed by the iPad 2 and the cheaper Android tablets. In response to the sharp decline in sales, the company announced that it would lay off over 10 percent of its workforce.
- Best Buy - The electronics chain is really hurting. They are losing customers due to their higher prices, lack of service and the difficulty of using their online store. Customers are finding it easier to do business with companies like Amazon and Newegg rather than deal with Best Buy. The company isn't ready to throw in the towel just yet, and they are still looking for new ways to bolster investor confidence and woo customers back into their stores.
What do you think about these 5 companies? Which do you think are going to bounce back and which ones do you think are gone for good? Let me know in the comments.
By Melissa Kennedy- Melissa is a 9 year blog veteran and a freelance writer for FinancialJobBank and Nexxt. Along with helping others find the job of their dreams, she enjoys computer geekery, raising a teenager, supporting her local library, writing about herself in the third person and working on her next novel.
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