Good afternoon everyone,
Two weeks ago the need for further staff reductions was mentioned in a company announcement. Since then I have heard from a number of people regarding the frustration of working in such an uncertain environment. If you are feeling frustrated and a bit freaked out, you are certainly not alone.
Sometimes knowing even a little information is better than none, so I wanted to share with you where we are in this process.
I was hopeful that the year would start with improvements in our revenue performance - unfortunately that hasn't been the case. The financial position we are in - largely a result of the nationwide economic downturn - will force us to reduce staff in the near-term as part of our larger expense reduction plan. I suspect there won't be any official announcement regarding major product changes or staff reductions until the end of this month.
Our senior staff and managers in every division are looking for efficiencies and cost-savings measures that will help us minimize the negative impact on our employees - if you have any ideas, please feel free to let your manager, division Vice President or me know.
I know it is difficult to go home each night unsure what the next day might bring, and for that I am truly sorry. We are doing our best to make this process as humane as possible.
No matter what the next few weeks might bring, it is important to remember that there is no other company in this community who can do what we do, and that you serve a very important role.
Every morning I look forward to opening my Modesto Bee and seeing the results of all of our hard work. No financial statement can reduce the pride I have in working with you all, or can it diminish the quality of work you provide to our community.
Thank you, and thanks again for all you do.