So theres two sides to this coin, My opinion is based of fustration of people lossing their jobs. I guess Im just looking at the human factor in this and thats it. Maybe its a better direction for the company but for all those loosing their job is just a bummer. It just reminds me of my mom loosing her job she had loved so much when the recession hit. And it just devastated her, along with me feeling sorry for her loss Ive also remeberd it and when I here of people loosing jobs just brings back to that time. Its just my opinion.
Wouldnt this also be bad for their PR department? Doesnt that effect them too? Im sure its not a big loss on image but they still look like pieces of shit to me.
I really do wish i knew more about economics and buinsness , and Im trying everyday to learn something new and I guess thats hy I lurk around here so I thank you both for your imput. Got 2 different points and allowed me to look at it differently and learn something.
Usually in times of distress, companies will cut employees only if they have to. They do this because they have to, or else everyone loses out when they go under because they can't afford to pay wages whilst staying competitve. Yes, there is the human factor, and that's why most good companies have money set aside in the case they have to sever contracts with an employee to help them transition to other things. Money to keep you by and references can go a long way. To those people that only know how to do one job and one day their job becomes obsolete by technology, I'd say they now have the freedom to pursue other worldly ventures but most people don't know how to get there, especially after an abrupt change in lifestyle such as the loss of a job. It'll be hard, but there are other things now worth doing I'd imagine. Such is reality I suppose, but things undeniably have still gotten better than before. Our standards of living 300 years ago were definitively poorer than now.