Monster Cable fires 120 employees, still overcharges for accessories

Foxrac

Foxrac

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Wouldn't it figure -- the company synonymous for charging absurd amounts of coinage for products that are debatably no better than the copper-laced counterparts available en masse for much less is cutting 120 jobs, only to replace them with outsourced labor. While we fully understand the "business demands of the 21st century," as Mr. Lee so aptly implied, there's something to be said when you're suckering folks into buying cranking out $100 HDMI cables and $70 iPod controllers, yet can't afford to hook your loyal employees up with anything more than "four weeks severance" and a dash of "counseling." What's notable about all this is that prior to this recent batch of layoffs, excessed employees received "four weeks pay plus one additional week of pay per year of service." Furthermore, many employees say the job searching assistance is "worthless," as they really have no desirable skills besides the one's learned at Monster. 'Tis a shame to see the folks let go, but we're fairly certain the firm's (supposed) cash drought isn't due to a lack in markup.

Monster Cable fires 120 employees, still overcharges for accessories - Engadget HD
 
It's amazing that a lot of companies get away with murder when it come to the prices of these cables.

Just get one at a computer supply store without packaging. They come in ziplock bags and are often of excellent quality yet sold at reasonable prices.
 
damn... looks like I am not going to buy Monster cables stuffs at all.. It's been known that they are high quality but now they have outsourced it probably oversea so forget it.

The owner, Noel Lee were featured in "Connected guide to Digital Home" magazine that is no longer publishing. his house is loaded with high tech hi-fi, home theater and also a mac user eh. Connected Guide to the Digital Home <--- just information and the link to actual CGDH is nonexistent.

I do have that sample magazine in digital format from Zinio which include this article about him and monster cable. It is no longer on Zinio.com since it is not published anymore. But If you want it, then pm your address so I can send it to you and you will need to get Zinio Reader from Zinio: Download BusinessWeek, Elle, PC Mag & more Now! For Mac and Windows. They are great. I like digital magazine than printed magazine.
 
Boult said:
damn... looks like I am not going to buy Monster cables stuffs at all.. It's been known that they are high quality but now they have outsourced it probably oversea so forget it.

The owner, Noel Lee were featured in "Connected guide to Digital Home" magazine that is no longer publishing. his house is loaded with high tech hi-fi, home theater and also a mac user eh. Connected Guide to the Digital Home <--- just information and the link to actual CGDH is nonexistent.

I do have that sample magazine in digital format from Zinio which include this article about him and monster cable. It is no longer on Zinio.com since it is not published anymore. But If you want it, then pm your address so I can send it to you and you will need to get Zinio Reader from Zinio: Download BusinessWeek, Elle, PC Mag & more Now! For Mac and Windows. They are great. I like digital magazine than printed magazine.
Click to expand...

Yup... Gotta agree wth you. :)

I never like Monster cable.
 
While Monster Cable may look nice, it's overkill like the Playstation 3. ;)
 
I never liked monster cables because of the prices and there's no need for flashy looking cables because they go behind things and aren't seen.
 
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