One More Thing on IndyMac

14 Jul 2008 /

One thing I forgot to mention: When I was let go from IndyMac a year ago — and in each subsequent round of layoffs shrinking the workforce from 10,000 to 7,200 — it was called a “right-sizing.”

God, I hate that word.

I noticed they finally dispensed with the bullshit last week . . . when they cut another 3,800 people from the remaining 7,200, just before failing completely, the word “right-sizing” was not used . . .


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