Labor & Economic News Blog
Monday, September 08, 2008
While cutting jobs during a downturn, companies can be sowing the seeds of profitability
While cutting jobs during a downturn, companies can be sowing the seeds of profitabilityU.S. companies have cut more than 550,000 jobs so far in 2008 as they try to preserve their profits in a slumping economy, but analysts say such downsizing must be done carefully for corporations to have any long-term benefits
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