“One can hire more workers to get the job done, or one can invest in the productivity of current workers.”
In many companies that have laid people off, they simply use “Plan C”: Force the remaining employees to do their own work, plus that of their laid-off co-workers, in order to keep their jobs. Over a year ago the Wall Street Journal highlighted the problems faced by those who survived layoffs; this was a big issue. People who used to work 9-5 are now working 9-7 (for the same pay).
I’m not surprised and good point.