The Downsized Diaries

My journey to my next career.

My Interview with NPR’s Planet Money

with 2 comments

I was interviewed by NPR’s Planet Money podcast program today about being laid off. Podcast, blog post, and download links are here.

Written by Krista Summitt

December 5, 2008 at 6:40 pm

2 Responses

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  1. Hi Ms. Summitt,

    You talk of the myopia of Mr. Boudreaux’s viewpoint, but his viewpoint his quite objective and based on sound economic principles. If you were not fired and the company kept on losing value, do you think the company would remain alive in the future to guarantee you a job?

    Take a look at it another way. When the electric light was introduced, many candle workers lost jobs since demand for candles decreased. So do you think these candle makers should have been kept employed? Who would pay for the salaries?

    BTW Best of Luck!

    Digital Cabinet

    December 7, 2008 at 12:54 am

  2. @Digitalcabinet: Thanks for visiting and listening to the podcast interview. First let me state I wasn’t fired; I was laid-aoff and my job was eliminated – big difference there.
    If I were in an industry that was becoming obsolete, I could see your point on the candle/light bulb analogy. My company, Lenovo, makes personal computers, which are nowhere
    near obsolescence. My personal opinion on layoffs in general for any company is that they are a quick, no-brainer way to give shareholders the impression the company is
    “doing something” about costs. It garners headlines in the press “Spacely Sprockets Lays Off 5000 world-wide in bold move!”
    In other words,in my view they are just “making the scenery go faster”, not moving forward.


    December 8, 2008 at 5:07 pm

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