Creative Memories laid off an additional 35 people this week, in conjunction with their bankruptcy related restructuring. While the layoffs are not surprising, what is surprising is that according to the Saint Cloud Times, “An exact employee count wasn’t immediately available.”
The layoffs clearly required planning. An exact employee count should not be difficult. Here is how to do it:
- Employees Before Layoff = Current Employees + Layoffs
- Insert number of employees before layoff and number of layoffs into equation.
- Solve for Current Employees
You could also total how many paychecks you expect to issue after the layoffs.
Fortunately, Minnesota had elections yesterday and the majority of school referendums passed. Now I only hope they put this money to use improving the math curriculum.