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Episode 0108

Summary

The audio captures a tense discussion between a manager (Speaker 1) and an employee (Speaker 2) about the company's extremely poor performance. Speaker 2 reveals a 50% drop in sales, overstocking, overstaffing, and the company's impending bankruptcy (Chapter 11) within three months. The situation worsens with the discovery of faulty products from a defunct supplier whose owner has fled, leaving the company to shoulder recall costs. As Speaker 1 expresses increasing frustration and despair, Speaker 2 unexpectedly announces he has secured a new job, leaving the manager in exasperation.

00:00 00:00

Transcript (Click timestamp to jump)

00:07 Speaker 1

Now that we've been over the gory details of our disastrous first quarter,

00:11 Speaker 1

Ed, give us some good news. How are things looking for us in terms of sales this month?

00:16 Speaker 2

Uh, well, would you like the bad news first or the really bad news?

00:20 Speaker 1

What? Ed, don't tell me you only have bad news.

00:24 Speaker 2

Well, sir, our sales have dropped, no, plunged, 50% in the past month alone.

00:30 Speaker 2

We are currently overstocked and overstaffed and our profits are falling fast.

00:34 Speaker 2

The market is in recession and we have no way of moving our inventory or getting rid of our staff.

00:39 Speaker 2

If we consider redundancies, it would cost us a fortune because of the new regulations governing compensation packages. It's a real mess.

00:46 Speaker 1

You're crying out loud. How fast are we losing money?

00:48 Speaker 2

Um, um, how can I put this?

00:51 Speaker 2

Let's just say that at this pace, we will be filing for Chapter 11 in less than three months.

00:56 Speaker 1

What? Geez, how could this have happened?

01:00 Speaker 1

So, what's the bad news?

01:02 Speaker 2

Oh, that's the really bad news. Our supplier suffered QC problems and well, half of our production is faulty.

01:08 Speaker 2

We're going to have to recall all items sold in the last quarter, and the worst part? We're going to have to shoulder this cost.

01:14 Speaker 1

Are you joking?

01:15 Speaker 1

Get the supplier on the line now. They have to assume the cost of this mess.

01:20 Speaker 2

We tried that, sir. The factory has gone under and the owner apparently has fled the country.

01:25 Speaker 1

Oh, we're doomed.

01:26 Speaker 2

There's some really good news though.

01:27 Speaker 1

Really? What?

01:29 Speaker 2

I got offered a new job!

01:31 Speaker 1