Furloughs, wage reductions, hiring freezes and shorter hours simply did not do enough. A year into this recession, companies across the board are resorting to mass job cuts.
By CATHERINE RAMPELL / THE NEW YORK TIMES, Seattle Post-Intelligencer: Business
Mon, 01/26/2009 - 10:26pm
Furloughs, wage reductions, hiring freezes and shorter hours simply did not do enough. A year into this recession, companies across the board are resorting to mass job cuts.