Cuts You Don't See
Reports are coming in daily of big corporations that are cutting 5 to 10 percent of their staff in mass layoffs. Top executives want to assure their stockholders that they are doing what it takes to lower spending and save their company. There are some businesses that are taking the opposite approach.
The New York Times reports I.B.M. boasted of “surprisingly strong profits” in January and released a company e-mail stating, “we will invest in our people.”
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