The Real Impacts of Cutting Personnel

IMF members met on April 22nd to discuss the issues surrounding personnel reductions in response to a sagging economy.  With revenues down, pressure is up to cut costs by any means necessary.  However, some companies and economists argue that cutting personnel to meet today’s needs are not the best course of action.  These individuals, as explained in a recent CNBC article, argue that retaining staff will position companies to increase production to pre-resession levels with […]

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