I am amazed that some posters hate it how staff had a few dollars spent on them by way of parties. If i was a shareholder I wouldnt approve of it either, fair enough.
For the record, I don't begrudge anyone their xmas party. But the way it's being discussed by employees of the company is a bit short sighted. Yes you are not getting an anticipated BBQ this year. But....
The company just downgraded it's profit by 70% do you think now is the right time to be funding company booze-ups?
I'm not oblivious to the unique team building experience that only alcohol can provide but lets get real here. That money could be better spent on sorely needed improvements to the DJ product and network, thereby improving the working conditions of all employees, not just the ones who can make it to an event.