Signs Of The Apocalypse: Large Multinationals Layoff Over 60,000 In January – 24/7 Wall St.
Posted on February 1, 2010
Filed Under Critical Issues | Leave a Comment
The large multinational companies were supposed to have done their layoffs during the first half of 2009, when the recession was at its worst. Those layoffs should have cut as close to the bone as possible because of the severity of the downturn. The workers who were left at these companies were probably more productive as managements tried to get more work out of fewer people.
Many analysts believe that many companies have fired too many people and that an improved economy will cause firms to hire anew to handle increased workloads brought on by renewed demand for their for goods and services.
But, it has not worked out that way at many companies. Several large multinational corporations have laid off or announced layoffs over 60,000 workers this month.
Read Full Article Here: Signs Of The Apocalypse: Large Multinationals Layoff Over 60,000 In January – 24/7 Wall St..
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