The quarterly budget submitted by our management was at an expected 11% growth for the year. In this economy I think that was a stupid move as you might be lucky to get 3%. Due to not "Hitting the Numbers" and to compensate some off the lose they laid 9 people off today all white collar workers. In the big meeting they only pointed out that the company has not hit its numbers over and over again and there for had to take some action. They have never said they could not pay thier bills but just not hit the numbers for the quarter. I personally think the company is still making money but not just as much as they like. If we where not making money the doors woud be shut.

I would like any input from someone who has management experience if this is just a tactic to stay away from giving performance increases?