When it comes to lay offs of high performance employees during downturns, you simply cannot do it.
The closing of schools and lay offs of teachers in the communities surrounding California's capital city have been devastating and demoralizing to educators.
Gumroad, for example, had to lay off most of of its staff as it reassessed its direction.
This year, the largest manufacturers have announced plans to close dozens of factories and lay off tens of thousands of workers.
As finance companies and manufacturers lay off tens of thousands of workers, these executives face personnel problems, too.
Daewoo Motor of South Korea said it would lay off 30percentt of its upper management as part of its reorganization plan.
Q-Cells of Germany announced last week that it would lay off 500 of its 2,600 employees because of declining sales.
On Thursday, Intel announced plans to lay off 1,000 of its managers as part of an ongoing corporate overhaul.
And yes, they could shut down the factories, lay off tens of thousands and maybe go out of business.
They had to lay off 25 of their 60 workers after the flow of new contracts was cut off.
