FINALLY, someone recognized that layoffs are a failure by management.
Unless you are simply going out of business or were making buggy whips and have no alternatives there are much better alternatives than layoffs. Layoffs are also a product of offshoring work. Let’s face it, you don’t need manufacturing employees when you can get Juan or Wang to do it much cheaper.
Someone is right... the management consultants started this crap and the quarter-to-quarter mentality of short sighted foolish and tool managers looking after only their own skins and pocket books is what fosters layoffs. Get mine and get out. To hell with the future of the company, the share holders or anyone else.
I won’t say never but I have not worked as an employee for going on 15 years because of layoffs and I have not missed a single day I wanted to work either in all that time. There is a price to pay and I pay it.
There was an article in the American Management Magazine back about 1998 that said layoffs will change the face of corporate America for 40 years. Out with the people who valued people and in with the people who “make the hard decisions” to let people go while they still stay and collect bonuses for “a job well done”. They are nothing but Judas Goats.
You shouldn’t have skipped so many of your ECON classes.....it’s showing now.
It’s not a company’s job to to value people, it’s their job to make money. If people were willing to work for less they wouldn’t get laid off. That’s the way it goes. This notion that private industry owes people a job is absurd. Companies will go where they can maximize profit, that’s free enterprise. Eventually when other people are willing to work for less they get the work and the company moves. Let’s face it, that’s the way it should be. Otherwise people should move to a socialist country or work better, harder and more competitively and keep the job.
The problem is the incestuous relationships across different Boards.....Executive compensation is rubber stamped. Profits are privatized, while losses are socialized, and those who make bad decisions don’t suffer the consequences. For a market economy to work, good decisions must be rewarded, and bad decisions must be punished.
Yeah, "FINALLY" some left-wing, business-hating writer admitted it. What an event!
The question I have is why you admire that.
Now, I suppose the argument could be made that management has made a mistake by trying to sell an unprofitable product -- resulting in the need to cut expenses. But should management compound its mistake by failing to cut expenses [labor included] to regain profitability?
And so what if they off-shore? Business ain't charity. If our government can't resist the urge to tax and regulate business out of business, then where's the moral necessity for us to labor on as patriotic slaves?