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Studies of past attempts by various countries to trim employees' workdays have yielded conflicting results.
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But big restaurant chains, retailers and movie theaters are starting to trim employee hours.
Hewlett-Packard executives said the company was running more than 25percentt ahead of its goals for trimming employees and costs from the combined company.
Lazard also trimmed employee bonuses by about 20 percent.
Budget cutters trimming employee travel expenses may well be attracted by the fact that, no matter how luxurious the apartment may be, it will probably cost less than a comparable hotel room for the typical stay, which ranges from a month to a year.
They also recommend colleges reduce spending, perhaps by trimming employee benefits, employing more distance learning in place of expensive classroom lectures, or paring down course offerings.
It would probably require Sears to trim 88,500 employees and to close half the 858 mall stores (see sidebar)–causing a likely writedown of $1 billion, or $2.92 per share.
The survey said only 20percentt planned to increase their staffing levels, while 16percentt plan to trim their employee rosters.
Commercial real estate has also been a bugbear for many banks, including Bank of America, as businesses trim their employee rolls and retailers close franchises.
But television news operations have trimmed their employee rolls as well, according to The State of the News Media 2008, a report by the Project for Excellence in Journalism.
Electronic Arts is trimming its employee roster by 11%, or 1,100 people, and closing 12 facilities.
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CEO of Professional Science Editing for Scientists @ prosciediting.com