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Even senior execs not immune to lay-offs.

Business Times (Malaysia)

| September 12, 2001 | COPYRIGHT 1999 Financial Publications Sdn Bhd. (Hide copyright information)Copyright

THIS is not a very pleasant subject but eventually the American layoff blues hit an investment adviser friend last week when she came to office only to be handed the notorious pink slip. By eleven that morning, she was unemployed.

The first thing she did was to call friends for emotional support. I was somewhere at number eight on her list and we quickly arranged for a meeting.

She was devastated, squarely on the other extreme end of the emotions she brought back from the summer vacation in sunny Aruba two weeks back.

Her only comfort was that she wasn't alone. Thousands more have met the same fate in America within the past one year as more and more corporations went into austerity drive amid the weakening American economy.

Not even senior executives were immune to the present layoff blues.

Perhaps the only safe position …

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