Bloomberg the Company & Products

Bloomberg Anywhere Login

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

Examples from Companies Big and Small

Getty Images

Examples from Companies Big and Small

With the economic outlook worsening by the day, corporations have been jettisoning employees at an alarming rate. In the fourth quarter alone, employers let go more than half a million workers, according to the Bureau of Labor Statistics. But there are many other ways to cut costs, and in some instances a creative alternative can stave off a layoff. Only 2% of companies have used permanent layoffs as their sole cost-containment tactic, according to a February survey by outplacement firm Challenger, Gray & Christmas, so it's clear that alternatives like furloughs and pay freezes are being aggressively pursued. Here are some examples from companies big and small around the globe.