Great start to the week...

another round of redundancies has been announced...air of doom & despondency has permeated the office. The other phrase which 'put the frighteners' up people was “If we get things wrong, we will have no alternative but to look at new options which reduce the company's ability to control its own destiny.” Productivity must have hit an all time low at that point with all manner of rumours floating round at work. The CEO had apparently briefed staff at another site the other day and explained he’d considered selling a couple of sites but hadn’t been offered enough dosh. He told the assembled masses if we drop below £110M income the bank will be brought in due to the T&Cs of the loans; and went on to say he’s going to cut management by 50% - which would put me at risk. Everyone's really unsettled which is exactly the converse of what’s needed…could do with people pulling their fingers out and actually doing stuff to improve the situation rather than sitting around fretting.