Companies Where Employees Are Losing Hope: 24/7 Wall St.

From 24/7 Wall St.: Some companies become so badly damaged because of changes in the competitive markets or due to poor management decisions that their employees lose hope. This may be due to the fact that they believe the corporations that they work for have little future, or that they will be laid off as their employers try to save these corporations.

This loss of hope is exacerbated by the state of the economy. A person who is fired now likely will find it extremely hard to find new work. Nearly 6 million Americans have been out of a job for more than half a year, which means that work is scarce either because companies have never recovered from the recession or because firms are concerned that a new recession has started to choke the economy.

Read: Companies Where Employees Are Losing Hope

It is impossible to know whether the employees at a very badly run company have completely hope in their situations. However, this is highly likely certain corporations. Layoffs have already started at many of these companies, sales have fallen, or Wall St. has passed a verdict they have faltered badly or failed.

24/7 Wall St. has compiled a list of companies that are in deep trouble. This is based on share prices, layoffs, analysts’ reports about their futures of these firms and the extent to which they have missed Wall St. predictions about earnings-per-share or are likely to in future.

Here are the 10 companies where employees are losing hope, according to 24/7 Wall St.:

Comments

[RepublicanDepression]

04:45 PM on 11/08/2011

This article read my mind. I won't buy from HP again. No more compaqs for me.

[Thomas Giglio]

01:41 AM on 09/25/2011

Can't believe I read this on digg page 1. Then I read the comments... man the youth of this country are so much smarter than their parents! People go to best buy that haven't a clue how to get an answer, don't feel like doing it, or need it that day. Bestbuy should raise its prices on all these people who think technology is based on a price point.

[marijam]

02:31 PM on 09/24/2011

The company that created the Blackberry is in trouble? HP is in trouble? Hard to believe.

[theroundearth]

11:30 AM on 09/24/2011

In order to enable Hewlett-Packard to put together the money that will fill her pockets, Meg Whitman's first step will be to lay off thousands of employees.

[toomuchreality]

08:23 PM on 09/23/2011

Add..............T-MOBILE.............TO...........THE.............LIST!

[btbamfan]

11:39 AM on 09/23/2011

Nintendo isn't going anywhere.

[AlexLiveFree]

05:36 PM on 09/23/2011

Not yet, but their next product better be stellar, or they will go the way of Sega.

[chatnuptime1]

03:54 AM on 09/24/2011

I still have a Sega and all the original cartriges. Beleive it or not they still work too. It's been what 30 years now?

[kimleehan]

10:16 AM on 09/23/2011

Supply and demand, buy low, sell high, What's so hard to understand about that?

[PragmaticStatistic]

08:27 AM on 09/23/2011

The reality of the current marketplace is that product innovation is no guarantee of future and long-term success. Technology is now moving so fast, that what is popular today, is ancient history in only two year's time. Thus, as we see with the above companies, a highly successful company could be in big trouble because of a technology shift with a new product that out dates a leading product recently innovated. Consumers are now having trouble in this economy with the financial means to repeatedly acquire the latest and greatest new products when the high-priced product they just bought became out dated or upgraded. Thus, in this recession/depression we will find out just how much innovation and up grading the American consumer can afford.

[chatnuptime1]

03:57 AM on 09/24/2011

We are growing to fast and cannot keep up. At this rate it will implode on us and we will walk amongst the broken peices of unrestrained growth and utilization.

[PragmaticStatistic]

01:30 PM on 09/24/2011

Agreed.

[cittidude2]

09:10 PM on 09/22/2011

I agree essentially with the statements above. But most people do not have faith in American Business. Why? The GAAP account allows for many interprerations, the SEC did not cut off Madoff (or his predecessor Milken) at the knees. Enron, Tyco and many more "cook the books" and auditing is self done or hired in.

Add this to what I feed as an opinion, took American commerce for a ride: E-Bay and Craigs list.

These places now show that everything can be for sale and ANYTHING is only worth the price you will pay for it.

[skatulaki]

05:51 PM on 09/22/2011

Most of these companies are going to get what they have coming, Box Box stores employing min wagers to hawk substandard products that only half work. Big Businesses that market products that end up in the landfill a year later. Most consumers would prefer a product that works and someone to fix it when it doesn't. Big Box Businesses marketing landfill quality and foriegn phone tech support deserves to crumble into the dust of history.

[skatulaki]

05:46 PM on 09/22/2011

American consumers are destructively Fixated on low prices, and in doing so get a big Red F for their failure to focus on long term operating costs, longevity and replacements.

[skatulaki]

04:46 PM on 09/22/2011

Many of these companies are going to get what they have coming. Big Box stores with min wagers hawking substandard junk, HP has gone the way of crappy service while marketing products that end up in the land fill a year later. Phone tech gadgetry thats more toy than phone, Wireless garbage that eats up tons of batteries, These companies that market landfiller garbage with tech support in India deserve to crumble into the dust of history. Customers and Business want products that work and someone who can fix it when it doesn't. America's Big Companies Fail in this regard.

[tice]

03:56 PM on 09/22/2011

Time for Nintendo and Sega to form an unholy alliance!

[CoachJM]

01:19 PM on 09/22/2011

Just came across a "flurry" of stories on a financial website speculating that HP's board is going to dump Apotheker and name, get this, MEG WHITMAN as the new CEO.

That should pretty much "seal the deal" in extinguishing any lingering flickers of hope remaining in the surviving HP employee population.

Sheesh! Why don't they just bring Carly back and admit they don't have a freakin' clue what they're doing?

Bill and Dave must be spinning in their graves.

JM

[nfatt1]

11:59 AM on 09/22/2011

Cisco's set top boxes have to be unplugged constantly to get them to work.

[Jazzbeau]

07:00 PM on 09/25/2011

As a former employee, through the 80s, I couldn't agree more. HP has been milking its reputation more than taking care of business since BC (Before Carly.) Sad, I remember the days when I couldn't wait to go to work because I knew I was working for one of the best companies in the world and it was it was FUN as well.