When orders from customers are drying up then you've got to cut jobs while trying to keep the best talent, what else are you going to do?
It's irrational for a corporation, not matter how large it is, to keep all it's employees hoping that it will have such a great impact on the overall economy that it will create demand again.
Companies are always much weaker than global and national economic trends, they have to be reactive. If they are not they usually go out of business which is even worse than cutting some jobs.
It's irrational for a corporation, not matter how large it is, to keep all it's employees hoping that it will have such a great impact on the overall economy that it will create demand again.
Companies are always much weaker than global and national economic trends, they have to be reactive. If they are not they usually go out of business which is even worse than cutting some jobs.