Pink slips and furloughs.
Cost cutting through attrition.
Solvency? Doubtful.*
* According to the Wharton School of Business:
“Research has shown that if a company announces a downsizing without a broader reference to a strategic plan, its stock price will, on average, drop 5% to 6% over the next several days, according to [Michael Useem, a management professor at [...]
Food on the table.
Clothing. Shelter. Happiness?
Stats say: not so much.*
* According to salary.com 4th Annual Survey of Job Satisfaction:
“The most interesting result from the 2008 survey was the evidence that employers were out of touch with their employees’ satisfaction levels and were overestimating the tough economic environment as a deterrent to job seeking,” said Nicholas [...]