Downsizing's Economic Spin...

Job creation outruns layoffs

If anyone still thinks that large-scale job-cutting has not become a permanent aspect of U.S. corporate strategy, the latest tally of layoff announcements by major corporations should remove any doubts. According to outplacement firm Challenger, Gray & Christmas Inc., planned job cuts through November are up more than 50% over 1997 and apparently headed for a record.

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