9 Feb 2010
From the “Death Is Hazardous to Your Health” Department:
Apparently, layoffs are actually quite bad. Even for the shortsighted, pump-and-dump stock manipulator CEO’s, it seems. Though this all seems fairly obvious, it turns out that investors don’t buy the “lean and mean” story any more than employees.
My take on this study is that the majority of companies seriously contemplating a layoff are probably so unhealthy that taking an alternate action probably isn’t a viable choice, anyway. Thus, the layoffs will continue. Here’s an idea — perhaps curbing irresponsible growth would allow companies to better focus on the employees they have right now. Too radical?