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and finance Allah shmoop What is reduction in force or

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riff firings People like from a reality TV show Well

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it was the best of times It was the worst

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of times Your company has performed horribly and it needs

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to cut jobs well just pay the interest on the

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debt it knows so it must reduce its workforce And

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it fires well pretty much everyone not in a core

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position What is core Well at Ford Motors The people

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who make the engines are core the secretary to the

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person who lobbies the Gove to say nice things about

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Ford cars Safety track record Well she's not core although

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we love her But sorry As the man says you're

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fired Reductions in force happened when things go awry and

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companies must scramble simply to pay the rent Yeah tough

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times but you know welcome to the NFL Reductions enforce

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happened for other reasons as well Think some natty combination

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of robots replacing highly paid union workers more efficiently and

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or the spread in cost between manufacturing your whoopee cushions

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in Chicago versus making them in Beijing have a big

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spread in those costs Well when the robots can't do

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the job better cheaper faster than the humans Why wouldn't

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accompany replace the union workers It's way cheaper to hire

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robots a mental complaint or strike At some point some

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shark manager will ask Why are we fighting this difficult

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fight Let's move production overseas And when that goes smoothly

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while the company yeah usually induces a gigantic reduction in

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force ending the domestic jobs of some multiple thousands of

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whoopee cushion makers or W CMEs as they call them

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in the trade Or you know in the biz that's

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what happens Work forces are obviously a heated topic among

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politicians as well Phyllis fired workers generally don't vote for

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more of the same because we live in such a

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litigious society today Well firing any individual worker could lead

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to an ugly lawsuit for a variety of reasons as

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well One of them might exist in one form or

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another of what is called a protected class and those

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classes is comprised subsets of gender sexual preference ethnicity race

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age religion and myriad other classes including yes mermaids So

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when a giant reduction in force happens and essentially everyone

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in the group is fired while the risk of these

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kinds of lawsuits is dramatically mitigated but it's sad in

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any way shape or form Riffs aren't fun for anyone

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and well additionally everyone really loved Martha the PR secretary

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who had been at the company for 27 years and

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never forgot a birthday Unfortunately the world got rough for

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Martha and she had to go to at the end

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of the day shareholders on the company And it's their

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call is toh how they want it run There is

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no crying in baseball but lots of crying when there's

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a riff Sorry we're

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