| richardhutnik said: Speaking on enployment, the Miami heat laid off their staff to sell season tickets, because they no longer have any season tickets to sell: http://www.miamiherald.com/2010/07/30/1754155/with-heat-season-tickets-sold.html Yes, a business can do that, but remind me WHY that represents good business? |
It makes the company richer by cutting staff and increase the company's profit margins. Return on share holders and dvidends, company profits are reduced by cutting labour costs. Even when a company is doing well they will cut staff to boost their profit margins. Companies want to increase their profits every year and they can do that by increasing revenue and reducing costs by cutting staff numbers. "Efficiency" and "downsizing" is PR spin for cutting jobs.
Most companies are privately owned family businesses who hold the highest stakes in the company. The companies will do whatever it takes to maximise their bottom line. If you do not like what companies do to workers, join a workers union and get more job security.
