STYLETHREAD -- LET'S TALK SHOP!

Karina · Chanel

WOW!! More bad news

Farrah · Marc Jacobs

Why is that bad news? I used to work for Bain and they are very well run and a great company to work for.

Karina · Chanel

we are being told that our jobs are secure until jan of 06 .. after that, who knows

Farrah · Marc Jacobs

Oh, that is poopy news. On the bright side you have a REALLY long time to look for a new position.

jah · Dooney & Bourke

Ah...worked for a company purchased by KKR (Kohlberg...etc.). Anyway, they have a reputation of being the prime "corporate raider". Recently they have focused on building companies (true investment), but they are quick to shed underperforming aspects of a business and they are very focused on cost-cutting, so I would start looking. Don't mean to get you more down, but I am just letting you in on their MO...

They pushed many major layoffs at my old company (I had to help lay the people off). We let go of 25% of our workforce in one year. I think that about 15% needed to go, but the other 10% was just aggressive policy.