Originally Posted by
jetjockee
Hey Mr XOpilot,
If you haven't heard, XO has lay ed off 12 admin staff. According to your interview personnel, XO is not profitable at this time. If you watch the news you will here that our economy is in recession and forecast to go into a deep recession and possible depression. (THESE SIGNS)
I think its great that you are drinking the company Kool aid, nothing wrong that, and I think its good for morale. However, if you think XO will be Immune to the state of this economy you have overdosed on the kool-aid. Do i think XO will fail, absolutely not, But Iam a realist and believe that XO will have to adjust its aggressive growth plan to be a strong survivor. ( the reason for Siegel)
I wouldn't want to be a new hire at the bottom of seniority list nor the low man on the merit list for that matter, especially if I have a family to support.
Mr Jetjockee,
First, XOJET was never supposed to be profitable yet. The business plan is to build infrastructure so we can scale into a large company. Also, there were NO Layoffs! 12 unnecessary positions were eliminated and won't ever be replaced. None of them had anything to do with flight operations.
The poor economy is a challenge to everyone. I don't think XOJET is immune, but the company is in far better shape than many due to it's deep pockets and access to serious credit in a very tight market.
While making a move to a new company is never without risk, I think there are few other companies that offer the stability XOJET does due to our continued growth and financial position. You are certainly entitled to your opinion though.