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To be sure, layoffs can happen in any environment — even for companies that are able to generate significant revenue.
And to be sure, layoffs are back at Goldman again, and, as The Atlantic Wire notes, they went for the big wigs this time around.
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We'd have had some layoffs for sure".
"Although [the] first quarter was strong, it was largely driven by international business and tourism in the U.S. We believe the U.S. business overall will continue [to] disappoint this year, driven by softness in the branches as well as in the NYC market where Wall Street layoffs are sure to have a negative impact," he said.
He said the buyouts and recent layoffs "are a sure sign that things are deteriorating for the industry".
He told the unions how much money he needed to save and allowed the negotiators for both sides to determine the shape of the cuts, using the threat of layoffs to make sure an agreement was reached.
Making sure that across-the-board layoffs in nearly every region of the country don't occur is a quick and easy way to shore up the battered economy.
In advising companies on how to avoid age discrimination lawsuits, he said, "we advise employers to use quotas" when structuring layoffs to make sure that all age groups are represented among the affected employees.
"Any time you have a three-day layoff, you're not sure what you're going to get when you come back," Manager Joe Torre said.
Although I'm not completely sure whether we've passed Hurricane Layoff or whether we're in the eye, the internal nonsense is beginning to clear out.
Layoffs will almost surely accelerate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com