This was another lovely headline to wake up to: ADP index shows private-sector jobs fell by 697,000 in Feb.
I hope America’s senior managers will read Geoff Colvin’s forthcoming book, THE UPSIDE OF THE DOWNTURN, and learn the danger of rushing into mass layoffs as a first resort. There are smarter ways to cut costs that won’t leave companies quite so devastated when the recession eventually ends.
In the meantime, while we wait for Geoff’s book in late June, everyone in business ought to read his brilliant January article in Fortune:
No comments yet.