For subscribers
Cutting jobs will return to haunt companies trying to shave costs
To succeed in the coming downturn, companies should adopt a strategy of investment as well as deleveraging
Sign up now: Get ST's newsletters delivered to your inbox
CEOs would be wise to think about the mid to longer term before distributing too many pink slips.
PHOTO: ST FILE
Rana Foroohar
Follow topic:
In challenge, there is opportunity. This truism is especially apt for companies heading into what will probably be a gloomy earnings season amid expectations of a global downturn.
Many companies will respond to this by cutting costs with an extra-large pair of corporate shears. The technology sector, for example, is in the midst of massive layoffs.
