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November 29, 2006
staff cuts
I've heard of companies that make staff cuts at the end of year on a regular basis. I see this as a sign of bad management because it means they didn't plan well or are using their resources wisely. The cost of hiring and firing is too high for it to be a cost-effective alternative and nevermind the emotional damage it can leave both the people who leave and those that stay.
Pfizer is making cuts but hopefully, it is a one-time deal and the managers are doing it wisely. Is the market wise enough to recognize long-term benefits and consequences of managers' decisions? Or, am I endowing the marketplace with humanistic characteristics?
Posted by azileretsis at November 29, 2006 05:46 PM
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