The rest of the story
It was announced by director Anastasio that about 750 people need to leave LANS in order to balance out the $100,000,000 shortfall in the budget.
These people were asked to leave voluntarily. (An idea that seems to defy common sense.)
The $100,000,000 number was not presented as having a basis in facts. Some local residents compared it to the $70,000,000 to be awarded in fees.
If you add up changes in the Lab's budget over the last year, you do not get $100,000,000 for the shortfall. Once you put in salary increases, gross receipts taxes, decreased funding, and fee, the total appears to be $500,000,000. This is equivalent to about 3,000 more jobs on top of the projected 750 that will be lost.
So, my question is: "What happened to the missing $400,000,000 and who are the unannounced 3,000 people who will have to leave in order to make up this budget deficit?"
posted by Eric at
8:50 AM
2 Comments:
More RIFs to come, I'm sure. This is only the first.
It's just business. Taking it personally as is happening on the "Rest of the Story" blog is just counterproductive.
Time to bite the bullet.
I agree.
Even if it is personal to someone, the only solution is to bite the bullet and move on.
P.S. The money picture and the political picture say that there have to be more RIFs.
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