CNN layoffs

[DesertFlower]

http://www.mediapost.com/publications/article/222548/cnn-atlanta-lays-off-16-braces-for-more-job-chang.html

according to my friend who is an videoeditor/producer 29 video editors were let go the other day. fortunately she was not one of them. she's been with them 22 years. she said "they don't want old people". she's not old. she's 46. IMO it's the money. she makes $80,000 a year -- they can get someone younger with less experience for probably half that. her hours suck too. she works 3pm to 11pm. she does after all these years have weekends off, but not holidays. she was able to get christmas off last year.

she knows she'll eventually be let go.

if this keeps up we'll be a nation of very rich and very poor people. there are not many left that are middle class.

her mom got screwed years ago. she was only in her 40s -- worked as an administrative assistant for JAL -- had a college degree. they closed the DC office she worked in and told her to either report to L.A. or New York City. she moved in with her daughter who was in college in brooklyn and drove back and forth to virginia where her home was on weekends. it was a long drive. about a year later she was let go, but she at least got a "package". now most companies don't even give you that.

i'm glad i'm 72. i'm very fortunate that when my husband passed i was able to collect his pension and his 401k. he was with IBM for almost 43 years. he had a special skill or he would have been let go years before. the bean counters were always after him.

i'm really disgusted. why are the CEO's still making the big bucks? shouldn't they get a cut in salary. how much money does anyone really need?

http://money.cnn.com/magazines/fortune/fortune500/2012/ceo-pay-ratios/

http://money.cnn.com/2014/02/04/technology/enterprise/microsoft-nadella-pay/