Thursday, October 1, 2009
Another update in a series. It is now clear that corporate layoff activity (mass, announced layoffs at the corporate level) has subsided to levels that one might call "normal." From this we can infer that corporations have essentially completed their recession-induced downsizing. They are now "lean and mean" and the next shoe to drop—probably later this year or early next year—will be a resumption of new hiring in response to a pickup in business. Having cut labor costs, companies are also likely to enjoy higher profits as business picks up.
Posted by Scott Grannis at 6:42 AM