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Most companies that go through layoffs are never the same. They don't recover because trust is broken. And if you're not honest at the point where you're breaking trust anyway, you will never recover.
Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.
A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.
If you really want to kill morale, have layoffs every two months for the next two years.
I worked as a teacher in the public school system in New York City for several years, and I was a victim of the layoffs, you know, in the mid-'70s. And then I worked as a sales engineer for a company in New Jersey that was selling industrial filtration equipment.
Usually when there are a lot of layoffs, like in 2008 and 2009, business creation tends to spike. But that didn't happen right away, partly because people trying to start a business couldn't get credit.
There's ups and downs with boxing, layoffs are part of the sport and they can either help or hurt a guy.
Smart development builds on a region's own skills, resources and local businesses. Dumb growth invites a big corporation in, surrenders control and profits to a distant headquarters, undercuts local manufacturers, and risks layoffs without warning.
But I don't want massive layoffs of anyone - public or private. We are planning on shrinking government through attrition and reform, not through random pink slips.
Pension reform can be hard to talk about. In the long run, reform now means fewer demands for layoffs and less draconian measures in the future. It's in the best interest of all Californians to fix this system now.
