Cutbacks at Home Depot, Microsoft, et al.

As Home Depot sheds 3400 jobs, including 500 at their headquarters here in Atlanta, a thought occurred to me.

I would guess that in the executive suites at these companies, there are more jobs being cut than financial circumstances dictate.

In normal economic times, a company making cutbacks would be punished on Wall Street, and it's stock price would drop. Since companies of all types are making cutbacks, now is the time for companies to go just a bit further in downsizing, and take advantage of the economic crisis.

I'll be having drinks tonight with a senior executive at a company that has recently made some major cuts....I'm gonna run this by him.