RE: Fw: Back to Serfs and Royalty?

From: Jerry Mitchell (
Date: Sat Sep 01 2001 - 10:43:46 MDT

> The problem, as I see it, is that these CEOs don't deserve a
> raise for these
> layoffs. The logic is that cost-cutting makes the company
> more efficient
> and raises profits. However, these layoffs aren't really
> cost-cutting.

> Harvey Newstrom <> <>

The logic is that some companies "appears" to be trying to cut costs to the
stock market. The company I worked at a few years ago just had its first
layoff. They were making their usual net profits and they weren't really
affected by this bubble. I have a feeling a lot of companies are
doing this just to please investors and use this as an excuse to trim off
the non-productive elements within the company (note: I didn't say ALL, I
said SOME).


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