Posts Tagged: layoffs

American Apparel Bankruptcy

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

American Apparel has been in the middle of a turnaround effort that includes store closings and some layoffs. The company also faces several lawsuits from ousted CEO Dov Charney. Now they face the bankruptcy court. Questions: 1. What were the allegations against previous CEO Charney and what types of financial strains has this put on… Read more »

Team Disney – Its a Small World After All

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Nothing could be worse than losing your job, except maybe being required to train your replacement. That is what happened in the Magical Kingdom when cheaper H-1B workers from an India outsourcing firm replaced about 250 U.S. employees at the end of January this year. Questions: 1. What explanation did Disney executives give for this… Read more »

Fun with Words: Does Rightsizing Make You Feel Better Than Being Fired?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

As the language of layoffs continues to evolve, David Gillen and Will Storey question whether or not you can really sugar-coat being fired. Questions: 1. According to Geoffrey Nunberg from U.C. Berkley, where does the term “you’re fired” really come from? 2. What are the three categories that Nunberg says are associated with the language… Read more »