3 ms·
They can let employees go, like they have. Office space is somewhat harder to deal with, but it can be sublet without tremendous loss. Compare to, say, GM a g
by danielweber 13y ago
They can let employees go, like they have. Office space is somewhat harder to deal with, but it can be sublet without tremendous loss.
Compare to, say, GM a generation ago. They had massive factories that needed maintenance whether being used or not, plus union contracts that kept unemployed workers in a 'job bank' that paid 80-90% of wages, on the (incorrect) assumption that any job loss would be temporary.