5 ms·
Back in 2008, a woman I was dating worked for a subsidiary of PepsiCo and was laid off by Indra Nooyi's decision to create "financial breathing room" in respons
by johnohara 4y ago
Back in 2008, a woman I was dating worked for a subsidiary of
PepsiCo and was laid off by Indra Nooyi's decision to create
"financial breathing room" in response to the economic storm
clouds that were gathering.
The Financial Times described it as "just 1.7% of the group's
global workforce."
Meh. 1.7%
Because of the economic collapse of 2008-2009, she didn't
find another position for well over a year and a half, damn
near lost her home, and had to draw very deep from the well.
Nooyi's characterization has stayed with me ever since as
a metaphor for just how cold the wind blows in those meetings.
- hgsgm 4y agoWhat's the point of this story? That your government is failing at social welfare so people are relying on PepsiCo for charity?
- johnohara 4y agoNo. That real decisions affect real lives and have real effects. I do not subscribe to the idea that employees are an accounting problem either.
- throwawayatr 4y agoYou should start a business and grant permanent jobs. Low interest rates created a lot of bullshit jobs in the first place. You have a problem with those jobs taken away but not people loosing savings bcz of interest rates lower than inflation.