Friday, February 6, 2009

FOX analyst says market rewarding companies for cutting payrolls

Umm...well, duh.

I have no doubt that companies are taking advantage of the current economic crisis to cut jobs. This is a completely understandable and reasonable business maneuver. I am certain that companies are cutting positions beyond what is absolutely necessary to survive. They are slimming down now because they won't pay the same price in market and analyst perception that they would in good economic times.

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