Companies That Are in Trouble
February 9, 2009 by Cherie Burbach
Filed under Parenting
On Friday we talked about companies with no layoffs, and here’s the reverse of that situation: 15 companies might might not survive 2009. The list is just an educated guess from the author, Rick Newman, of course, but he brings up great points in each one. Namely, the amount of debt each has incurred.
By contrast, the list of successful companies that had never laid anyone off made an effort to stay out of debt. That’s key to success in general, but especially in this economy. I think maintaining a healthy company in today’s world means more than just making a buck. It’s accounting for down times and being loyal to employees. That’s not the way it seems to work (and might even feel old-fashioned) but if companies could look beyond “this year’s profit” to the big picture, they would realize great employees ARE NOT expendable. (Despite what organizations seem to think).
What do you think? Would the companies that are in trouble benefit from the business approach of those who had never laid employees off?
Cherie,
The companies that are most posed to do well over the long term (and not do layoffs) are those who are private. Sadly public companies must manage to the quarter and year numbers, and alot less to their own 3 or 5 year plan. I worked for one public business who would layoff people just before the quarter end if numbers didn’t look right – sad.
Cheers,
Kerry