Friday, February 20, 2009

What really happens

Very interesting piece on why layoffs don't help companies.

While layoffs may seem like a good way to cut costs in the short-term, the direct and indirect costs of downsizing can paralyze your company’s long-term revenue-generating streams. “The books look great for two or three quarters, and then things don’t get done,” says Jonathan Phillips, managing director of Houston-based executive search firm Magellan International.

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