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November 8, 2012

Roundup: How employers reacted (poorly) after Obama was re-elected

  • closed A Bedford, Va. jewelry store owner closed his business on Wednesday, in protest of Obama’s victory. He said he was in mourning. ”I just didn’t feel like coming to work,” R.T. Lyons said. “There are many days I feel like that as a small business owner.”
  • fired In Las Vegas, a man named “David” called up a local radio station and said he had laid off 22 people in an effort to protect his investment. “Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive,” he said.
  • cutting One Georgia business owner told C-SPAN that he told his employees that he was cutting their hours. “Yesterday I called all my part-time employees in and said because Obama won I was cutting their hours from 30 to 25 a week so i would not fall under the Obamacare mandate,” Stu, who did not give his full name, said.
  • reconsidering After warning his employees before the election that he might lay them off if Obama wins, Westgate Resorts owner David Siegel appears to have changed his mind — at least a little. “We’ll see what happens. Meanwhile I gave everybody in the company a raise this week—the average was 5 percent. I wanted to help them handle the additional burdens the government will put on them,” he told Bloomberg Businessweek
19:34 // 1 year ago