Between December 2007, the official start of the current recession, and June 2009 more than 40,000 U.S. organizations held layoffs in an effort to reduce costs, increase profits, and improve shareholder value. Ironically, research over past the twenty years indicates that most layoffs fail to achieve these objectives. In fact, studies show that less than half of the companies that downsize see increases in profits whereas twenty-five percent actually see profits decline. Read More…
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