Are companies taking advantage of the recession?

It has definitely being a while since I last wrote something... but things have been pretty crazy lately. With that said, there are a couple of really good articles/thoughts (at least I think) that I will be sharing soon.

So, lately all we hear about has the words "recession," "economic downturn," "stimulus," "job loss," .... etc.

I know that I am definitely not the only one that has thought of the following thing...

"we've all heard that during an economic downturn, companies tend to lower/cut their advertising budget, but it should be the other way around.... right?"

Well, for today, I'm not going to talk about advertising, but about Human Capital. As I was leaving my apartment, I was overheard the newscaster say "The SA Express is thinning the newspaper, making it two inches wider but leaving the font same size... oh yes, and its increasing the price, oh and they are cutting 120 people."

So... I was thinking, how many companies are just cutting people off because this is the time to do it. Not everyone is on the same boat as GM or Chevy, where it seems like they HAVE to cut people, but due to certain regulations they really can't.

From a company's side it makes sense, make it while the market permits it. Keep only the best!

I'm not saying that this is wrong or right, but just felt like sharing. Thoughts?!

Comments

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