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View Full Version : One minute you work for a fortune 100 company...


LegendKiller
10-23-2005, 11:34 PM
The next minute you don't....


http://www.cendant.com/media/pr/press_release.cgi/Corporate/11948


This is a huge shock and could have massive impact on my job. I won't lose it but it certainly won't help.
Nija
10-23-2005, 11:55 PM
See what all your hard work did... DO YOU?! YOU BROKE UP THE COMPANY!

Good Job.
gear02
10-24-2005, 05:48 AM
damn...that's pretty interesting and ballsy. I never knew Avis, Wyndham, and a few other known brands were owned by Cendant. I thought they were a tech company :D
nickel
10-24-2005, 05:52 AM
i thought you were going to say you got canned or they went bankrupt. :gle:
LegendKiller
10-24-2005, 06:12 AM
damn...that's pretty interesting and ballsy. I never knew Avis, Wyndham, and a few other known brands were owned by Cendant. I thought they were a tech company :D


Cendant went on a buying spree in the 2000-2003 period, gobbling up a ton of companies. They have already spun off the mortgage company along with PHH Arval a fleet management company (odd combination to sell off together).

We always thought they would streamline the company, not break it up. This has caught a lot of people, even higher levels of CD management, by surprise.

Talked to my boss, his way of looking at it is that we are now bigger fish part of a much smaller pond. So, at least my job is stable right now.
yippiekiyeh
10-25-2005, 01:42 AM
Always have a backup plan bro...