Wednesday, December 17, 2008

Office Depot Makes Cuts

So I read this not too long ago and thought on it for a while and decided to elaborate on it because I don't think people really get what's going on. Office Depot are going to cut 112 stores, which will in turn eliminate 2,200 jobs. They usually open 40 stores a year. So along with these cuts, they will only be opening only 20 next year.

So yea, we all know the economy is bad and that's what most of us will relate this too without looking at the bigger picture. It's OFFICE Depot. Regular consumers aren't the bulk of their customers, offices are. They don't just sell paper, pens, and pencils and school supplies and simple office supplies. They basically sell EVERYTHING you could have in an office down to the cubicle itself. So Offices aren't shopping. They aren't shopping because they aren't opening. Office depot themselves are only opening half their NORMAL rate of NEW stores. Why is this such a big deal. If new businesses aren't being generated and people are already losing jobs at a record pace, how long will it be until it affects you or someone close to you.

I'm going to keep harping on this because at the end of the day; There are 2,800 4 year schools in the U.S. alone. Too keep it simple for a numbers sake and just to make a point. Let's say each semester only 200 graduate from every school. THAT'S OVER HALF A MILLION NEW QUALIFIED, CHEAP, and YOUNG, career seekers every six months! This is just for the 4 year schools people, in the U.S. Do I need to continue to stress that things are obviously going to get worst before they get better no matter what Obama does. I'm going to keep asking, because all of us really need an legitimate answer. WHAT'S YOUR BACKUP PLAN? How long could you go without a traditional job paycheck? What would you do if you couldn't find work for a month to a year or ever longer? THIS IS SERIOUS. UNDERSTAND. THEIR ARE ALTERNATIVES.

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