Despite layoffs, Andersen finds some silver linings.(Arthur Andersen L.L.P.)(Brief Article)

Crain's Cleveland Business, April, 2002 by Cornell, Ryan

Dark clouds and long faces are prevalent at the Cleveland office of Arthur Andersen LLP, but while Lou Grabowsky knows things could be better here, he also knows they could be worse. The managing partner of Andersen's Great Lakes Region acknowledges that layoffs have been a painful reality in Cleveland since the accounting firm announced April 8 it would cut at least 7,000 of its 28,000 U.S.

employees. Mr. Grabowsky won't say how many of Andersen's approximately 270 full-time Cleveland employees have lost their jobs, though he emphasized speculation by one local competitor that the layoffs had topped 100 was ``far overstated.'' ``In Cleveland, because our (auditing) client base remained relatively intact, the severity of layoffs is not as great'' as in...

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