A friend of mine works in a finance dept at Mayo and is getting furloughed. FTE not a contractor.
Quick edit: since he's been working there for the last 18ish months he has made it clear how poorly run and awful that place is to work for, sentiment is from way before covid.
https://archive.org/details/in.ernet.dli.2015.120831/page/n6... As you can see on that page, here is a definition of the word rape: 1. trans. to take (a thing) by force. In my usage, I was using it as the state government of CA, taking (part of) my severance by force. I don't see any issue with the usage.
I get that you think you're being clever or something, but being a bad member of this community by using words you know cause harm to people really degrades everyone's experience.
Words can cause harm? That's the first time I've ever heard of that. Do they jump out of the screen and slap you across the face?
The existence of for-profit healthcare is reasonably why hospitals have to shut departments in the middle of a pandemic to handle balance sheets. If for-profit healthcare didn't exist, I really don't see how the total amount of money going into a hospital would decrease right now.
What? Even non-profit, publicly funded hospitals are feeling the squeeze. Most are paid on a fee-for-service basis. If you cancel all your elective surgeries, there goes a huge chunk of funding. Yet you still need to pay salaries and other overhead. It's not like non-profit hospitals are suddenly immune to the realities of economics.
Publicly funded healthcare does not work the way you think it does. There is a budget allocated to healthcare every year, if one year the hospitals don't have enough money to cover expenses but that there is still money left in the coffers (for example, due to less electives), then they will end up getting the money they need to operate.
Were it not for for-profit healthcare, the US would almost certainly operate this way.
Hospitals are having a surprisingly tough time of things. I work for a very famous hospital in a small town in the American midwest, and we've (our IT department, that is) laid off all our contractors and the rest of us have mandatory furloughs coming up too. They're doing everything they can to not let us go, but some of us will probably end up getting sacked. And this is maybe the richest and most well-connected ho…
Aren't they going to end up over-burdened soon, at least in some departments, due to all of the deferred surgeries and the like?
Yes.
My wife works at an orthopedic office as a PA and they're talking about how they'll probably have to work weekends just to catch up with the backlog of surgeries.
Not naming the company, but I know of a startup that's got a round of $10M (not much but enough) who just applied for relief because their burn rate is $200K+ a month. They have no customers, have been in the red for 2 years and have been slowly building their product out -- like most early funded startups -- they are building potential without revenue (yet). Their theory is, get some free money and treat it like 6 m…
In form, it was a pretty simple discussion site. But it had a lot of insider info and an enormous amount of snark, and it really captured the spirit of the popping of Bubble 1.0 (and the post 9/11 downturn). I remember one where a CEO made a big deal about the tech staff working through the holidays to finish vital new products. And then the CEO went on vacation to Hawai'i, leaving the nerds to grind it out. The memo…
We all got hooked on the forum when waiting for news of the inevitable for our company, which ironically didn't fail, and we actually ended up cashing out in an acquisition. IIRC, some of Howard Stern's wack pack people were regular posters on the forum as well. It was a pretty awesome message board for that era, until ruined by nazis and other lowlifes.
Which wack-packers were posting? Beetlejuice and Elephant Boy?
I get that you think you're being clever or something, but being a bad member of this community by using words you know cause harm to people really degrades everyone's experience.
Words can cause harm? That's the first time I've ever heard of that. Do they jump out of the screen and slap you across the face?
Are you doing an early 2000's obtuse edgy teen bit? Quarantine got you bored?
Hospitals are having a surprisingly tough time of things. I work for a very famous hospital in a small town in the American midwest, and we've (our IT department, that is) laid off all our contractors and the rest of us have mandatory furloughs coming up too. They're doing everything they can to not let us go, but some of us will probably end up getting sacked. And this is maybe the richest and most well-connected ho…
My stepfather is a doctor and reports the same. Unless you are actually swamped with COVID-19 cases, the lockdown is having the perverse effect that people are going to the hospital less often. Diseases in general are spreading less now, fewer accidents are happening, fewer elective procedures, along with a general fear of going to the hospital in general (presumably for fear of catching COVID-19 from someone there). He's seen fewer hours and staff cuts come from the situation.
Hospitals are having a surprisingly tough time of things. I work for a very famous hospital in a small town in the American midwest, and we've (our IT department, that is) laid off all our contractors and the rest of us have mandatory furloughs coming up too. They're doing everything they can to not let us go, but some of us will probably end up getting sacked. And this is maybe the richest and most well-connected ho…
I’ve been checking layoffs.fyi every day and it is incredibly bleak
This is looking 2001-dot-com-crash bad, but much, much faster. It's worth remembering there are plenty of companies not laying people off, and "normal" will return eventually. That said, I was watching The Big Short yesterday, and a line that I had noted before haunted me even more: "For every 1% unemployment goes up [in the USA], 40,000 people die". Stay safe, stay positive.
Meanwhile the Nasdaq is roaring back from a bottom...Someone is making a lot of money on the crash and the government printing press. It ain't me.