Your Next Reduction In Force: The Dirty Little Secret

Law360 (August 11, 2008, 12:00 AM EDT) -- The news that 51,000 Americans lost their jobs in July – causing a monthly spike in unemployment to 5.7% – underscored a familiar refrain in executive suites: “costs are up, business is down, and we’ve got to reduce the size of our workforce.”

Several unpleasant realities about corporate reductions-in-force (or RIFs) usually receive less attention.

First, most RIFs cost money rather than save money in the short run.

Second, in the best circumstances, RIFs monopolize scarce management resources and cause significant hardship throughout the company....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.