How many Human Resources managers, Directors of Communications or Senior vice presidents for global support services do you think are losing their jobs?
Too many companies will layoff the productive people 1st while the MBA's protect their own, even if it means driving the company into the ground.
As Digital Equipment Corporation went down the toilet, Bob Palmer appointed 200 new vice-presidents in charge of nothing, who all got platinum parachutes. Palmer made $52 million in the collapse he engineered. It was enough to make a solid capitalist start reading Marx.
My sister is a senior HR manager and has been working harder than ever lately. She’s the hatchet man when they let people go, and it is very stressful. Her tires have been slashed twice. She just had to lay off a good friend she’s had for 15 years. Nobody seems to realize that these are decisions made at the most senior levels in her company, not her personal whim. HR managers are definitely earning their salary lately.