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Business and Professional Relationships Networking and maintaining a positive environment in the work place is important! Surviving the 9-to-5 within.

 
 
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Old 30th January 2010, 12:31 AM   #16
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Great blog!

What never made sense to me was companies would lay off employees to cut expenses, hoping to increase their bottom line.... how does that work? More people out of a job = increase in profit? Sure doesn't compute.
It makes sense if it's a publically traded company. The top executives are beholden to the share holders, and if the company does not - at least - get close to the predicted revenue on quarterly earnings, the shareholders might begin dumping the stock - which can ultimately lead to bankruptcy for the corporation.
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Old 31st January 2010, 2:56 AM   #17
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Originally Posted by pinky92630 View Post
What never made sense to me was companies would lay off employees to cut expenses, hoping to increase their bottom line.... how does that work? More people out of a job = increase in profit? Sure doesn't compute.
Unfortunately, for the company, it does indeed compute. The demand for labor depends on the business that comes through the door. If there's no revenue, then there's no point in keeping payroll the same. It's not like companies ever want to get ride of good employees, but sometimes they have tough choices to make.
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