] HipMojo.com » Layoff Barometer: When Emails Bounce Back?

Layoff Barometer: When Emails Bounce Back?

Consumers - the engine that kept the American economy humming - seem to be losing confidence, and the ability to shop.  From NY Times:

Suddenly, our consumer society is doing a lot less consuming. The numbers are pretty incredible. Sales of new vehicles have dropped 32 percent in the third quarter. Consumer spending appears likely to fall next year for the first time since 1980 and perhaps by the largest amount since 1942.

Well… I will say this, up to this fall, when I would send out follow-up emails to folks at other companies, I’d say 99% of those emails would go through… then in September, I saw about 5-10% bounce back, now, I’d say 10-15% seem to bounce back.  Not all of those are explained by layoffs, but a good portion are.

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Posted By: Ashkan Karbasfrooshan | Nov 12th

One Response to “Layoff Barometer: When Emails Bounce Back?”

  1. HipMojo.com » How To Win in a Downturn: Never Follow the Crowd Says:
    November 15th, 2008 at 11:26 am

    […] In that chaos, we’re sort of lucky not to have to do any of that and can charge ahead, expanding on all fronts.  It’s sort of ironic, because I spent most of 2007 trying to raise money and could never close the deal (for many reasons), but in 2008 it forced us to do less with more and generate actual revenues.  That is why I am pretty bullish… though feeling upbeat about one’s company is pretty irrelevant when you see people losing their jobs right and left. […]

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