Is Procket Heading Toward the Edge?

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fibergirl 12/4/2012 | 11:02:16 PM

re: Is Procket Heading Toward the Edge? BigHead seems fitting... You are obviously an Innovance employee, an executive perhaps?

We have all been watching companies like Nortel and Lucent fall under their own weight. Yes, tune-ups could have been benificial however, they tend to come too little too late.

Over the past couple of years I've watched countless friends and co-workers fall prey to poor management while the same poor management continues to pollute the industry.

Look at the Prockter lay-off. Executives continue playing "spin doctor" without addressing the problems at hand. Do you think the thousands of employees laid of from Lucent, Nortel, JDSU etc were poor performers and such as you state about the Innovance employees? I happen to be very close with some of those affected by the "tune-up" and I'd hardly call them poor performers.

Continue to tell yourself everything will be ok and maybe you'll start to believe it.

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fibergirl 12/4/2012 | 11:02:15 PM

re: Is Procket Heading Toward the Edge? Yes, the industry has taken a downturn and you should not make light of people losing their jobs. Innovance may be hugely successful in the end...time will tell. However, it should never be considered a wise descision to take on 335 employees in what was supposed to be START-UP. Small companies all over North America continue to be run into the ground by the very same individuals who ran the Lucents and Nortels into the ground.

Hopefully for you, you will not find youself as the next on in line for unemployment.

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BigHead 12/4/2012 | 11:02:15 PM

re: Is Procket Heading Toward the Edge? fibergirl, I'm beginning to lose your point...
what exactly is it ?

The industry has taken a downturn. Layoffs
are necessary for companies to survive.
What alternative would you have taken if you
were the one running Nortel or Lucent ?

One can argue that the layoffs are needed
only because of poor management. It certainly
played a factor. However, the general downturn
of the industry is a more convincing argument
to me.

I feel terrible for the thousands of people
out of jobs right now. And no of course they
are not all low performers. But the fact
remains, costs have to be reduced. There
aren't a lot of alternatives.

In Innovance's case, are you trying to say
that company is in financial trouble, that's
why it's laying off people ? I don't believe
it from the sheer number's perspective
(26 out of 300+) but if you are right, what
is wrong with that ? It's better to conserve
and survive through this tough period, then to
operate status quo. That, to me, is what
you said as "continue to tell yourself everything
is alright".

--------------
fibergirl says:
-----------
We have all been watching companies like Nortel and Lucent fall under their own weight. Yes, tune-ups could have been benificial however, they tend to come too little too late.

Over the past couple of years I've watched countless friends and co-workers fall prey to poor management while the same poor management continues to pollute the industry.

Look at the Prockter lay-off. Executives continue playing "spin doctor" without addressing the problems at hand. Do you think the thousands of employees laid of from Lucent, Nortel, JDSU etc were poor performers and such as you state about the Innovance employees? I happen to be very close with some of those affected by the "tune-up" and I'd hardly call them poor performers.
Continue to tell yourself everything will be ok and maybe you'll start to believe it.
-----------

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BigHead 12/4/2012 | 11:02:13 PM

re: Is Procket Heading Toward the Edge? I went back to my posts and though I don't
think I've said anything that was making light
of the layoff situation, I apologize if you
felt that way.

I'm trying to understand your point and it
appears to be that upper management is at fault
for the layoffs that occur. Perhaps, if there
are marco-level decisions made about the company
direction that went supremely wrong. However,
if you are expecting a company to never make adjustments in their hiring needs, that would
be a lot to ask for. How do you handle situations where customers' requirements
change ? (a feature for which you recruited
a team of 12 to do is no longer required by
the customer). Or capital expenditures change ?
(should you still push your development to be
completed by Q1 if the customers now indicates
they won't be buying anything till Q3?). If
you are Nortel or Lucent, you can afford to
keep the people around either sitting in idle
or shifting them onto other projects. If
you are a small company, you cannot afford to.
What do you do with the people then ?

I also don't agree there should be a size limit
imposed on a "start-up" - who is to say whether 335 is too many or too few ? Shouldn't it depend
on the products you are developing and how
much activities you choose to oursource ?

---- fibergirl ------------
Yes, the industry has taken a downturn and you should not make light of people losing their jobs. Innovance may be hugely successful in the end...time will tell. However, it should never be considered a wise descision to take on 335 employees in what was supposed to be START-UP. Small companies all over North America continue to be run into the ground by the very same individuals who ran the Lucents and Nortels into the ground.

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net_exprt 12/4/2012 | 10:54:48 PM

re: Is Procket Heading Toward the Edge? many of the managers/directors/VPs and engineers at Procket come from companies that were high flyers during the 90's...They have made so much money, that I just don't think they're hungry enough to battle it out.

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