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can only be a good thing Not really. What it could mean is a downward spiral, which is what's been happening in the newspaper biz. Fewer people can't do as m
by wensing 16y ago
can only be a good thing
Not really. What it could mean is a downward spiral, which is what's been happening in the newspaper biz. Fewer people can't do as much work, which means lower revenues, which means fewer people, which ...
The deeper problem (in the newspaper example) is very few of the employees have skills that can be leveraged to increase output while reducing headcount. Newspapers are loaded with coal-shovelers. Fewer shovelers, less coal. If you've built your business on coal-shoveling and the value of coal drops, it's very hard to find a profitable kernel to retreat to.
- jamesteow 16y ago"Fewer people can't do as much work" In most cases that's true. However, it's also a possible and very feasible way to cut away the excesses and keep on-board core pieces that can compensate for the losses. For example, a company I used to work for had a massive layoff when the bubble burst in the early 2000s. They learned their lesson and had very gradual employee growth while they still continued on lucrative projects eventually expanding rapidly today.
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