Word: upone
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Should you tell everyone in the office what happened, or should you leave quietly? It depends upon the company. If you leave under mysterious circumstances, people might think you got arrested! I'm always one for being open and letting people know what happened. You can tell people you got laid off without sounding really venomous about it. These are people you're going to want to work with in your future, especially if you work in a very tight industry or a region like the Bay Area, where people know each other for years and years. They just cycle...
...take any job in the short run just to have money, or do you have to be discerning about it because of your résumé? It depends upon how badly you need money. Don't be precipitous if you don't have to be. If you have to get new work right away, try to make it consulting work that's at your level. A great place for consulting work is the place that just laid you off. They need to get that work done; they just needed to trim the overhead. You can conceivably continue working...
...Good Thing the problem with the tiger economies is that, four decades on, the spirit of Park Chung Hee is alive and well. While the mix of products may have changed from sneakers and stuffed toys to microchips and flat-panel TVs, the tigers remain heavily reliant upon exports to power growth. And like any addict, they're now experiencing the pain of rapid withdrawal as factories close and millions of workers across the region lose their jobs. Homelessness is on the rise in South Korea's capital, Seoul, where at 2 a.m. each night the city's largest train...
...short run, Asia is finding itself powerless to adjust quickly to the swift, steep decline in trade, which is not limited to U.S. exports. Trade among Asian countries is also plummeting, because much of this intraregional commerce is indirectly dependent upon Western consumption. A high proportion of Taiwan's trade with China, for example, has been made up of electronic components shipped to Chinese factories for assembly into finished products - which eventually wound up on the shelves of stores in the U.S. As a result, Taiwan's China trade is contracting twice as fast as the island's U.S. exports...
...Building a Better Tiger Asian leaders for years have recognized the need to reduce dependence upon exports to the developed world. But as long as the engine wasn't broke, they weren't inclined to make extraordinary efforts to fix it. Now, it appears Asia's primary growth driver is, at the very least, badly bent. Meaningful reforms that diversify the sources of economic growth may be needed if the region is to avert a prolonged period of moribund economic activity...