When Cutting Costs Is Not the Answer

Drucker firmly believed that layoffs are not the only, and often not the best, solution to difficult economic times

The layoff announcements are mounting by the day: 50,000 at Citigroup (C), 12,000 at AT&T (T), 6,000 at Sun Microsystems (JAVA), 2,500 at DuPont, 1,200 at United Airlines, 850 at Viacom (VIA).

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