The revolving door: downsizing in America.(survey by American Management Association)
Economist (US), The, October, 1996
An AMA survey shows that many large and medium-sized companies cut jobs in 1995 and 1996, but that these companies also created a good deal of jobs. The overall job reduction rate of the downsizing companies was only .7%. Many companies realized that cutting jobs does not necessarily increase profits.
NEW YORK
IN MARCH the New York Times ran a special series on "the downsizing of America", devoting more space to the subject than any other since Watergate. Back then many people (including The Economist) thought that the penchant of American companies such as AT&T for sacking thousands of staff even as they reported decent profits would be a feature of the presidential campaign. It has not been. Indeed polls show that Americans, far from being ever more anxious,...
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