Jobs will always ebb and flow in a large corporation but unless they lost one or more major customers all at once, how can any corporation have that many excess people where they have to make these huge cuts all at once?
Such poorly planned job purges put a huge strain on other sectors to absorb those now unemployed especially in tough times.
Periodic hiring/firing to closely balance the business needs of an organization is the hallmark of a well run company. Laying off 27K is mismanagement on a galactic scale unless, again, they lost one or more major customers.
Jobs will always ebb and flow in a large corporation but unless they lost one or more major customers all at once, how can any corporation have that many excess people where they have to make these huge cuts all at once?
Such poorly planned job purges put a huge strain on other sectors to absorb those now unemployed especially in tough times.
I would be interested in seeing how many of these people are near retirement age.
Boeing dropped ~19,000 from 4Q 2009 to the end of 1Q 2010.
Admittedly, a lot of that was fallout from the Mechanic’s Union strike that cost Boeing billions and set the 787 program back by ~ 2 years . . .