If you’re hung over, a bit groggy and have a sudden taste for the flesh of the living, you’re not alone. It’s just another “Zombie Friday.”
The term denotes the workday after a Thursday holiday, when companies like to dump depressing news on the populace, hoping you’re still sleeping it off from prior festivities and won’t notice.
Marek Fuchs runs through a number of examples of this plodding and brain-dead behavior on The Exchange.
“There has been a long, sordid history of bad news released on Zombie days — from presidents pardoning controversial criminals to companies admitting to stock backdating or firing thousands of employees,” Fuchs notes.
The United States Mint goes down in market lore as one of the most egregious examples.
“Only the heartless would have fired workers at the time surrounding Sept. 11, but that’s just what happened when the Mint determined the slowing economy was lowering demand for coins,” he relates. “They didn’t want to be seen as cold, however, so they took advantage of a Zombie Day.”
The Mint timed the firings so that, on the day after Thanksgiving when “everyone was zonked out on tryptophan,” The New York Times ran with the headline: Facing Decreased Demand for Coins, Mint Starts Layoffs.”