#downsizing

Then, in the 1980's, came the paroxysm of downsizing, and the very nature of the corporation was thrown into doubt. In what began almost as a fad and quickly matured into an unshakable habit, companies were 'restructuring,' 'reengineering,' and generally cutting as many jobs as possible, white collar as well as blue . . . The New York Times captured the new corporate order succintly in 1987, reporting that it 'eschews loyalty to workers, products, corporate structures, businesses, factories, communities, even the nation. All such allegiances are viewed as expendable under the new rules. With survival at stake, only market leadership, strong profits and a high stock price can be allowed to matter'. ↗

— Barbara Ehrenreich

#corporate #corporate-greed #downsizing #business

But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization. ↗

— David Korten

#been #companies #downsizing #globalization #in the past

'Dilbert' became popular during the downsizing of the '90s, and job security was a major theme of the strip. ↗

— Scott Adams

#downsizing #during #job #job security #major

The corporate killer downsizing is directly responsive to what the mutual funds have wanted. ↗

— Jim Cramer

#directly #downsizing #funds #killer #mutual

Much of what is called investment is actually nothing more than mergers and acquisitions, and of course mergers and acquisitions are generally accompanied by downsizing. ↗

— Susan George

#acquisitions #actually #called #course #downsizing

We've lost 400,000 jobs in Michigan because of downsizing. ↗

— Debbie Stabenow

#downsizing #jobs #lost #michigan