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Have Mass Layoffs Been Necessary?

Editorial Team

The majority of the layoffs that have taken place during this recession—at financial-services firms, retailers, technology companies, and many others—aren’t the result of a broken business model, Jeffrey Pfeffer writes in Newsweek. Many “firms expect to start growing (and hiring) again when the recession ends. They’re cutting jobs to minimize hits to profits, not to ensure their survival.”

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