Lowe to fire 15-20 people
January 4, 2009
15-20 people are getting laid off at Lowe within the next 2 weeks. The tip came in about 15 minutes ago and requested to be anonymous. This is getting bad people, and it’s expected to get much worse. Many of these agencies are looking more and more like a shell of their former self.
The problem stems from everything from a sinking economy (read: second great depression) to mismanagement of resources, allocating purchases of the past 5 years to non wanted assets (read: anything not SEO / SMO) when that is exactly what the clients are screaming for.
The unemployment rate nationally is expected to hit double digits within 90 days at current projections. This sucks.
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