polksalet Posted July 2, 2008 Share Posted July 2, 2008 or can't find a job? I keep hearing all of this bad economic stuff but it seems to be happening in other places.. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 or can't find a job? I keep hearing all of this bad economic stuff but it seems to be happening in other places.. Well, I know of 4 different people who have been laid off over the past three weeks due to the slow market. Two in Atlanta, one in Phoenix, and one in VA. Quote Link to comment Share on other sites More sharing options...
polksalet Posted July 2, 2008 Author Share Posted July 2, 2008 what kind fo work do they do? Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted July 2, 2008 Share Posted July 2, 2008 Don't know any, but a fair number of autoworkers are going to be laid off in St. Louis very shortly. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 what kind fo work do they do? Kind of a strange answer. They were working for private equity groups or, in the instance of one here in Atlanta, a REIT heading up apartment acquisitions in the SE. Two of them have JDs and hold law licenses, one is a CPA by training/licensure, and the other had a masters in finance. Not too worried about them finding other work, though I am concerned that the new work won't be quite as lucrative at this time. I do know a couple people that are looking for work and are having trouble. I myself am considering a new path and haven't seen too much that jumps out at me. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 Don't know any, but a fair number of autoworkers are going to be laid off in St. Louis very shortly. We just had a relatively large home builder here in ATL lay off all of its sales staff. And from what I read last night, Starbucks is closing 600 stores... I'm glad to see people have finally come to their senses regarding $5 cups of coffee. Quote Link to comment Share on other sites More sharing options...
detlef Posted July 2, 2008 Share Posted July 2, 2008 We just had a relatively large home builder here in ATL lay off all of its sales staff. And from what I read last night, Starbucks is closing 600 stores... I'm glad to see people have finally come to their senses regarding $5 cups of coffee. That might have something to do with the genius of dropping those stupid kiosks into every Grocery store. Quote Link to comment Share on other sites More sharing options...
Caveman_Nick Posted July 2, 2008 Share Posted July 2, 2008 or can't find a job? I keep hearing all of this bad economic stuff but it seems to be happening in other places.. I do, but he's a lazy bastage that hasn't bothered to look for a new job. Actually, I know another guy....and he's also a lazy bastage that hasn't bothered to look for a new job. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 2, 2008 Share Posted July 2, 2008 And from what I read last night, Starbucks is closing 600 stores... I'm glad to see people have finally come to their senses regarding $5 cups of coffee. Couldn't agree more. That stupid coffee still costs more than a gallon of gasoline. About time people started realizing what a ridiculous waste Starbucks is. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 That might have something to do with the genius of dropping those stupid kiosks into every Grocery store. Could be, though I don't believe I've noticed those around here. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted July 2, 2008 Share Posted July 2, 2008 (edited) I do, but he's a lazy bastage that hasn't bothered to look for a new job. Actually, I know another guy....and he's also a lazy bastage that hasn't bothered to look for a new job. How do these folks survive? Unemployment check? If I was laid off / let go, I'd take a day to spruce up my resume then hit the job market immediately. I couldn't afford to goof off for weeks. Edited July 2, 2008 by Ursa Majoris Quote Link to comment Share on other sites More sharing options...
chester Posted July 2, 2008 Share Posted July 2, 2008 Construction worker friend is laid off. Quote Link to comment Share on other sites More sharing options...
FWmaker Posted July 2, 2008 Share Posted July 2, 2008 Actually yes. Some of my clients were shown the door. I've got people from Lehman Bros., and other investment banking firms. Others stem from those in mortgage industry. Alot of them are not even actively looking right now while the job market is so soft. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 Couldn't agree more. That stupid coffee still costs more than a gallon of gasoline. About time people started realizing what a ridiculous waste Starbucks is. Wow, Ursa, never thought we'd agree 100% on anything. Keep up the good work. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted July 2, 2008 Share Posted July 2, 2008 Couldn't agree more. That stupid coffee still costs more than a gallon of gasoline. About time people started realizing what a ridiculous waste Starbucks is. I'm an elitist Obama supporter, so I enjoy an occassional iced carmel latte. Quote Link to comment Share on other sites More sharing options...
geeteebee Posted July 2, 2008 Share Posted July 2, 2008 Kind of a strange answer. They were working for private equity groups or, in the instance of one here in Atlanta, a REIT heading up apartment acquisitions in the SE. Two of them have JDs and hold law licenses, one is a CPA by training/licensure, and the other had a masters in finance. Not too worried about them finding other work, though I am concerned that the new work won't be quite as lucrative at this time. I do know a couple people that are looking for work and are having trouble. I myself am considering a new path and haven't seen too much that jumps out at me. Which private equity groups? I hadn't heard of any prominent groups laying off people. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 I'm a homosexual, elitist, Obama supporter, so I enjoy an occassional iced carmel latte. FIXED Quote Link to comment Share on other sites More sharing options...
wildcat2334 Posted July 2, 2008 Share Posted July 2, 2008 or can't find a job? I keep hearing all of this bad economic stuff but it seems to be happening in other places.. You joking??? I am a technical recruiter - mainly in Seattle/Portland/SF, which are the most educated and stable economies in the US for the most part. . and some big companies are laying off left and right . Much more technical than blue collar folks- here in Phx, and peeps seem to be working, but we aren't talking top notch jobs here either. Maybe blue collar peeps are the safest right now, I dunno Starbucks, WAMU, Weyerhaueser, Hollywood Video, many banks and mortgage peeps, Alaska is rumored to be laying off a bunch soon as well - Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 Which private equity groups? I hadn't heard of any prominent groups laying off people. Prominent is a relative term. Most of these groups are a little smaller and only have between $500 million to $2 billion of holdings (well, except for the first two which are a bit larger). Fairfield Residential, Urdang Capital, Miles Properties, and Concierge Asset Management. Quote Link to comment Share on other sites More sharing options...
Avernus Posted July 2, 2008 Share Posted July 2, 2008 it's definitely hard to find a NEW job... I'm trying to get into the real estate appraisal business and that is already tough, but right now seems almost impossible... Quote Link to comment Share on other sites More sharing options...
geeteebee Posted July 2, 2008 Share Posted July 2, 2008 Prominent is a relative term. Most of these groups are a little smaller and only have between $500 million to $2 billion of holdings (well, except for the first two which are a bit larger).Fairfield Residential, Urdang Capital, Miles Properties, and Concierge Asset Management. Gotcha. All of those are real estate investers, right? That would make sense. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 (edited) it's definitely hard to find a NEW job... I'm trying to get into the real estate appraisal business and that is already tough, but right now seems almost impossible... What is your back ground and your flexibility on relocation (I'm guessing you live in Phili?) Not that I can get you a job, but I can give you a group of companies that you should be talking to. Edited July 2, 2008 by SEC=UGA Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 Gotcha. All of those are real estate investers, right? That would make sense. Yep. Verrrrrryyyy slow right now. I'm beginning to think the one's getting laid off are better for it as they really have no hope to cling to and can make a concerted effort to find a new line of work. The rest of us are getting beaten up but are too dumb to realize it and are clinging to that thread of hope that the good times are just around the corner. Quote Link to comment Share on other sites More sharing options...
geeteebee Posted July 2, 2008 Share Posted July 2, 2008 I'm trying to get into the real estate appraisal business and that is already tough, but right now seems almost impossible... With all due respect, why? Just curious. I was a real estate appraiser a long time ago and very glad I didn't stay. All the appraisers I know would like to be doing something different. It's usually a cutthroat industry and even moreso in slow times. There are few barriers to entry in that field and even becoming a MAI doesn't guarantee a very profitable existance. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted July 2, 2008 Share Posted July 2, 2008 With all due respect, why? Just curious. I was a real estate appraiser a long time ago and very glad I didn't stay. All the appraisers I know would like to be doing something different. It's usually a cutthroat industry and even moreso in slow times. There are few barriers to entry in that field and even becoming a MAI doesn't guarantee a very profitable existance. You are very correct, sir. But, some people love being their own boss and this job does at times offer flexibility if you are willing to sacrifice $'s Quote Link to comment Share on other sites More sharing options...
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