It's been amazing. A good friend was laid off from what should have been a job for life there. I don't see how they're going to operate while eliminating people from nearly critical positions.
If this would happen to my company, I'd expect the doors to close. If it happened to any of our competitors, we'd be throwing a victory party.
If it happened to any of our competitors, we'd be throwing a victory party.
Instead of celebrating, you should be taking a very hard look at your business plan, and industry as a whole, possibly drawing big red question marks beside your previous hopes and assumptions. It's frightening to see your competition die.
I think there's probably a decent chunk of government or quasi-government jobs (post office, amtrak) that are pretty reliable, but this recession has certainly shaken things to their core. Who knows these days?
If this would happen to my company, I'd expect the doors to close. If it happened to any of our competitors, we'd be throwing a victory party.