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 [...]
Gains in production*
Ten percent unemployment**
Lot’s o’ fun, ain’t it?***
* According to The Wall Street Journal, The US enjoyed the largest 6-month productivity growth rate since 1961.
** The Bureau of Labor Statistics reports unemployment for October 2009 at 10.2%.
*** AP reports that productivity gains may be bad for job seekers, while economist and Nobel Laureate Gary [...]