'The Unemployed Will Not Be Considered'

[Homeslice]

Originally Posted by Rider

I can only speak intelligently about the industry I work in, Engineering which this article covers. Not many companies(outside of banking) with highly educated people have shut their doors. There have however been many companies to downsize. Most if not all companies base their layoffs on performance. While they may not admit it, they do, so most engineers that are out of work are out of work because they were in the bottom performing 20%.

Or because the project they were working on was terminated, and their skills were not necessarily transferable to another project?