Since I graduated and work for companies I experienced re-organisations and staff cutting. And more then once my own job was affected. As a result I lived the life of a gypsy, relocating several times working for the same corporation, changing company and with times of unemployment inbetween and now again.

Not much of an advise to give - except: Know about and believe in your skills, understand where they are needed, fill up and learn what might be missing - and never give up hope that things will turn out well.

Good luck to you!

T.

its survival of the best !!! I guess

Angelina Jolie and Kid is looking good

*** Short break ***

Kids!

Happened to me once. Got laid off, just before Christmas. Not very nice. :-(

I suddenly worried about my kinda boss... didnt see him since yesterday, was told he went to Phuket for client's event. But somehow no one know which client it is..

Oiy... sorry to hear waiting for layoff's is very stressful just a good reason to keep your resume up to date and posted on some job sites. Just in case

Plus I agree with green tea

My kinda boss wont take 2 days off for personal thing.. He took only one day off when he got married.

We are going to see a lot more of this happening in many businesses in any countries connected to the West. A major percentage of Thailand's economy comes from tourism from the West, as the recession that is hitting the USA and Europe takes hold over the next 6 months less and less people will be able to afford long distance holidays. This will greatly effect the Thai Economy. I think the next five years may become difficult for many countries that rely on Western markets staying strong and they will look closely towards working more with China and India's economy which is rapidly growing and getting stronger for the future.

And yes I'm a baby... still.

Shortyg.... My company has branches all over the world and it's global thing not just Thailand. This is cause by what happened in head office in the US. I dont see that other banks start laying off but my bank is one of a US bank that got effect from this sub-prime loan in a big time.. its not yet go to European bank tho' so not yet effect Thailand economy directly.

Babyoiy.... In the UK they have announced what they are calling a credit crunch. The UK banks have given out to much credit to the economy and people are now not being able to keep up payments, property prices are falling and more and more people are finding they have negative equity and huge loans to pay off. This is now effecting the whole of our economy as spending is slowing down and more and more business especially small ones are folding. Once the UK market starts sliding this will effect other markets as well. Although not publicly announced from our government we are in a recession here in the UK and things are only going to get a lot worse.

alright, I wouldn't surprised if I was wrong... it's possible.. just like the wave in the sea..

My firm is the first among Wall Street peers that got hit by subprime crisis -- the collapse of the 2 hedge funds-- you will know which firm I'm talking about. Fortunately, my group is doing fine. We operate as an independent group within the firm, so we are not affected by the firm's HR decisions. Plus, we just manage short-term fixed income portfolios, so there's very little subprime exposure.

So, the U.S. is heading into a short-term mild recession... I guess we will see what happens next.

Wow,, my co is number one now.. while yours is not even in top 10. Isn't UBS is a swiss bank? Im surprised to see this name in top 3, thought all are US banks that got hit. I haven't read much news tho' Only read email from my senior in HQ. I should be more active.. such a lazy ass!

Well, we are a brokerage firm. I guess it's pretty difficult to compare to full-service financial supermarket like Citigroup in terms of asset size. Umm... but whatever makes you happy with your day job

... we supposed to know only there are 2 who have to leave but we actually know the names already too. Guess my boss should announce today... *sigh*

Today's not gonna be a very good day.

a guy with a doctorate is being laid off ?? guess it shows that all that education means nothing.

i do seem to remember telling you to start looking for that new job you keep talking about!! it may be the rats that desert the sinking ship but at least they get to go for a cruise again next year!! good luck!!

so far most of these losses that have been announced are BS. They are paper losses that have not been realized. I always wonder if they end up being realized did they make money in the end. The greedy bosses that were already paid out with huge bonus created this situation and after they get the bonus it doesn't matter to them what happens. IT is total crap. A one sided payoff. Where was the Federal Reserve Bank? Why did the Fed allow them to losen lending standards after the early 90s? Where was risk mgt? By the way, when these banks ask me for more unsecured credit I will be sure to remind them of this. I had one pissing and moaning to me today.

Take care, babyoiy. It is immune since we are all working staff, not the owner.

Pray hard, it will not be you.

I almost cry out when I was in a meeting.... But I think at the end one who will be suffering is ones who staying not those who has left tho'

I just gonna miss the ex banker in my team..