The other shoe: Mad Fiber layoffs

[djg21]

BOULDER, CO (BRAIN) — Carbon wheel maker Mad Fiber is planning to set up wheel production in Taiwan to serve the OEM market. The company has laid off seven employees at its Seattle, Washington, facility, but is continuing to manufacture wheels there for aftermarket sales, spokesman Jasen Thorpe said.

The layoffs affected about a third of the workforce in Seattle, he said.

http://www.bicycleretailer.com/inter...e#.UhQ7Jiy9KSN

[Louis]

So how long until Serottas are also made there?

[MattTuck]

Well, in the words of borat, "this comes as a complete shock NOT!"

sigh.

[jlwdm]

Mad Fiber does not seem like an OEM wheel manufacturer.

Jeff

[BumbleBeeDave]

. . . and looks pretty much what you might expect. Do what's needed to maximize the bottom line. People don't matter. If I was Mad Fiber spokesman Jasen Thorpe I would be spewing resumes like a fire hose. Same for everybody else at any of these companies.

BBD

[R2D2]

I'll NEVER buy one.

[MattTuck]

Originally Posted by BumbleBeeDave

. . . and looks pretty much what you might expect. Do what's needed to maximize the bottom line. People don't matter. If I was Mad Fiber spokesman Jasen Thorpe I would be spewing resumes like a fire hose. Same for everybody else at any of these companies.

BBD

Dave, don't be so hard on them, these guys are 'job creators'.

[R2D2]

I suspect Blue will be next.

But this always happens when you have to resort to venture capital groups.

[soulspinner]

Originally Posted by r2d2

i suspect blue will be next.

But this always happens when you have to resort to venture capital groups.

+1

[BumbleBeeDave]

Originally Posted by MattTuck

Dave, don't be so hard on them, these guys are 'job creators'.

Only if you speak Mandarin.

BBD

[oldpotatoe]

Originally Posted by R2D2

I suspect Blue will be next.

But this always happens when you have to resort to venture capital groups.

'Resort', well often it means the company is in trouble, and it needs a solution.

So business people that have money come in and try to see if the company is viable, and can be profitable.

People get fired, people get hired, the company changes but I disagree that in business, if a company is 'restructured', as it happens everyday, the ones doing the restructuring are evil, nasty, uncaring butt-heads. They are business people trying to make money.

Ask RedRider if he is going to continue with serotta? I'm not saying one way or another since I don't know but a bike shop, who sells 2 brands, one being serotta, and the frames are being made and sold today...I wouldn't automatically can them because of the slice of info seen on this forum.

Same builder's of serotta today as before ben's and bill's departure.

[yngpunk]

Originally Posted by oldpotatoe

'Resort', well often it means the company is in trouble, and it needs a solution.

So business people that have money come in and try to see if the company is viable, and can be profitable.

People get fired, people get hired, the company changes but I disagree that in business, if a company is 'restructured', as it happens everyday, the ones doing the restructuring are evil, nasty, uncaring butt-heads. They are business people trying to make money.

Ask RedRider if he is going to continue with serotta? I'm not saying one way or another since I don't know but a bike shop, who sells 2 brands, one being serotta, and the frames are being made and sold today...I wouldn't automatically can them because of the slice of info seen on this forum.

Same builder's of serotta today as before ben's and bill's departure.

And let's look at the alternative...Mad Fiber goes bankrupt, which leads to all (vs. 1/2 the employees) being laid off, creditors not being paid, and potentially any retirement benefits being loss.

So, maybe if we all bought more Serotta bicycles with Mad Fiber wheelsets, everything would be dandy.

[oldpotatoe]

Originally Posted by yngpunk

And let's look at the alternative...Mad Fiber goes bankrupt, which leads to all (vs. 1/2 the employees) being laid off, creditors not being paid, and potentially any retirement benefits being loss.

So, maybe if we all bought more Serotta bicycles with Mad Fiber wheelsets, everything would be dandy.

It may be closed but it isn't going to go 'bankrupt'. It may very well have gone 'bankrupt' before the other company bought them..same for serotta.

You make it sound like a business' in trouble should be propped up, lots of $ infused because it's some sort of community benefit.

It's business, making $, profits..more black ink in the check book than red ink.

Successful business' hire people, grow, pay their creditors, their employees, offer benefits. Sick companies do not.

[FlashUNC]

Originally Posted by oldpotatoe

It may be closed but it isn't going to go 'bankrupt'. It may very well have gone 'bankrupt' before the other company bought them..same for serotta.

You make it sound like a business' in trouble should be propped up, lots of $ infused because it's some sort of community benefit.

It's business, making $, profits..more black ink in the check book than red ink.

Successful business' hire people, grow, pay their creditors, their employees, offer benefits. Sick companies do not.

+1. The path they were on wasn't working. Doing the same thing and expecting different results -- definition of insanity -- yadda yadda.

[yngpunk]

Originally Posted by oldpotatoe

It may be closed but it isn't going to go 'bankrupt'. It may very well have gone 'bankrupt' before the other company bought them..same for serotta.

You make it sound like a business' in trouble should be propped up, lots of $ infused because it's some sort of community benefit.

It's business, making $, profits..more black ink in the check book than red ink.

Successful business' hire people, grow, pay their creditors, their employees, offer benefits. Sick companies do not.

P,

We actually agree...too early for sarcasm. Just trying to point out the alternative to the VC investment that so many seem to think is some kind of evil.

Cheers.