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Geoff Colvin on the hidden costs of cutting staff

Geoff Colvin has written an excellent article on the hidden costs of cutting staff.

\http://money.cnn.com/2009/03/16/magazines/fortune/colvin_layoffs.fortune/index.htm?postversion=2009031707

A lot of experts are advising firms to cut staff in the downturn. Cut early and cut deep, the advice goes, to avoid have to cut more later, especially in repeated rounds of cutbacks. If it applies to your organization, then the advice [...]