Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Corporate America's Cascade Of Pink Slips Isn't Over Yet


Economic Trends

CORPORATE AMERICA'S CASCADE OF PINK SLIPS ISN'T OVER YET

Labor-market observers have recently been applauding a visible decline in the number of permanent staff cuts announced by major U.S. companies. But Dan Lacy, editor of the newsletter Workplace Trends, which tracks such announcements, is skeptical.

Lacy concedes that the number of cuts announced last quarter was about half of the 221,000 unveiled in 1991's fourth quarter. But he notes that the first-quarter tally was virtually identical to the number announced in 1991's first quarter. "Until we see a significant decline on a year-to-year basis," he says, "it's premature to conclude that the downsizing trend is losing steam."GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus