Be Careful Where You Cut
As a result of the economic crisis of the past two years, many organizations have aggressively cut staff. Some have gone to far and in time, will realize the error of their ways.
Here’s a new study that also has implications for the nonprofit world.
from Yahoo tech ticker:
New research from the Univ. of Colorado, Denver shows major job cuts don’t guarantee prosperity down the line but, in fact, lead to lower profits and stock returns.
“Those who cut deepest, relative to industry peers, delivered smaller profits and weaker stock returns for as long as nine years after a recession.”