Massive layoffs boost morale?
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Can anyone cite any situations where massive layoffs in a company have boosted employee morale? Maybe if a company laid off the entire board, or the CEO, but reading this article, you have to wonder about analysts...
It may boost the Morale for people who hold stock in the company, but I sincerely doubt it is going to boost morale for the workforce.
Can anyone cite any situations where massive layoffs in a company have boosted employee morale? Maybe if a company laid off the entire board, or the CEO, but reading this article, you have to wonder about analysts...
Hewlett-Packard said Tuesday it will slash its work force by 14,500 jobs, or about 10 percent
...
"They've gotten themselves in fighting shape here," said Caris & Co. analyst Mark Stahlman, who said the announcement should eliminate uncertainty in the workforce as well. "I think this is going to give a big boost to morale internally."
It may boost the Morale for people who hold stock in the company, but I sincerely doubt it is going to boost morale for the workforce.
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Comments
This story hasn't gotten a lot of press, has it? I suppose that's not shocking given the Karl Rove, Joe Roberts Supreme Court nomination and all the hurricanes are competing with it. Good time to lay off a gob of people, I guess.
What does this say about the industry? Anything?
Posted by Jon Johnston At 01:06:28 AM On 07/20/2005 | - Website - |