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.
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.: