Layoffs Not A Good Way To Cut Costs
from the um,-duh. dept
I've already posted a few similar articles, but people don't seem to be paying attention (can you believe that?). It turns out that over the long run layoffs tend to hurt a company more than help it. There are some exceptions, but generally only when the benefits are clear, such as consolidating two operations into one. What I find amusing is that no one seems to be able to contemplate both sides of the cost-benefit equation. Over the past few years dot coms were only looking at the benefit side and never the cost (since profits didn't matter, so it was okay to sell dollars for ninety cents). Now, no one looks at the benefit side - they only think about ways to cut costs. This is silly and dangerous. A good business knows how to balance the two.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team