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Yep, it is easier to increase profit by cutting costs, so that is what people will do to hit their numbers.In the long term, it is akin to burning your clothes
by Hominem 15y ago
Yep, it is easier to increase profit by cutting costs, so that is what people will do to hit their numbers.In the long term, it is akin to burning your clothes to stay warm.
- plainOldText 15y agoCutting costs alone is not necessarily a bad thing. Cutting costs at the expense of the customer is though. And when I say expense I mean the customer gets a crappier service or product. I just wanted to make it clear for people reading around here. I don't think they should regard strategies that involve cutting costs necessarily evil.
- Hominem 15y agoOh, of course I agree you should not be profligate. And there are times you have no choice if you are hemorrhaging money. I work with middle managers who let contractors go and sit on projects months at a time in order to get cost cutting bonuses. It is just working the same numbers on a smaller scale.