BizSugar.com › Management › Layoffs Can Carry Stiff Hidden Costs, So Consider the Alternatives

The definition of “succeeding” in a recession can mean something quite different for a global manufacturer struggling to remain in business, than it does for a younger and smaller firm with the flexibility to pursue market-changing strategies or products.

But for many companies, succeeding in the present environment is synonymous with survival. And a natural corporate survival instinct is to cut costs, particularly labor.