Cutbacks during the crisis have been a downer. And this past Friday's
episode of "Undercover Boss" provided a telling example of the national
hurt:
The nation's largest party supplies company was featured, and its CEO introduced his company with sob stories.
Sam Taylor joined the Oriental Trading Company just five months before the October 2008 crash.
And so he had little time to prepare for the national belt tightening that followed the crash, which was particularly cruel for companies representing recreational fields like party supplies. A drop in revenue led Taylor to lay off 1,000 members of OTC staff and cut free drinks for the employees, among other perks.
The nation's largest party supplies company was featured, and its CEO introduced his company with sob stories.
Sam Taylor joined the Oriental Trading Company just five months before the October 2008 crash.
And so he had little time to prepare for the national belt tightening that followed the crash, which was particularly cruel for companies representing recreational fields like party supplies. A drop in revenue led Taylor to lay off 1,000 members of OTC staff and cut free drinks for the employees, among other perks.
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