So in recent news employees from Macy's Atlanta office were recently layed off effecting nearly 800 employees including many executives. I think it is becoming rare to find anyone who has not been recently effected by a layoff of some sort. Personally, I work at Ansley Golf Club and have seen 4 fellow co-workers layed off due to the financial bleakness of the future. The 'upper management' claimed to refrain from laying off anyone that would be seen as "front line employees" or those who directly interact with our members on a day-to-day basis. But how long will my job be safe? Was there nothing we could have done to stop this financial decline? If AIG would have hedges some of the risks in financing the housing market, would we still be where we are today? Im curious to find out what other factors have lead to the current decline or if it was simply a domino effect of failing checks and balances...
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