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More broadly, economists are now questioning whether large scale head-count reductions are cost-effective. Kim Cameron, professor of management at the University of Michigan Business School, says studies from 1986 to 1992 show that companies that laid off workers went on to trail their industries in productivity, profitablity and shareholder value. "A lot of downsizing is simply done as a message to external constituencies, especially Wall Street," he says. Dell's stock, for instance, rose 9% the day the cuts were announced. It had fallen 62% since March 2000, putting heat on Dell for this kind of move...

Author: /time Magazine | Title: Inside A Layoff | 4/16/2001 | See Source »

...movies. With more than two dozen European and American films to her credit, she will, in the coming months, star in Blow as Johnny Depp's cocaine-addled wife, in the World War II romantic drama Captain Corelli's Mandolin opposite Nicolas Cage and in Vanilla Sky, directed by Cameron Crowe (Almost Famous) and co-starring Tom Cruise. That film is a remake of the 1997 Spanish psychological thriller Abre los Ojos, which also starred Cruz (she's reprising her original role) and proves that despite her success you don't have to look far to see the actor...

Author: /time Magazine | Title: Penelope Cruz: Euro Star | 4/2/2001 | See Source »

...women of the Charlie's Angels movie, which has earned $125 million since its November debut, might not seem to have kinship with Crouching Tiger's stately stunners. This colorful jape propels Cameron Diaz, Drew Barrymore and Lucy Liu through its empty-calorie plot with the force of a hurricane blow-dryer. The stars giggle, wear swank togs, toss their coiffures in luxurious slo-mo. Diaz shakes her booty a lot. And skeptics may laugh their booty off when told that the Angels are icons of empowerment...

Author: /time Magazine | Title: Go Ahead, Make Her Day | 3/26/2001 | See Source »

...television, so I'm going to spend some time here," but even with her whooping and unashamed use of her star power to bully the conductor in the orchestra pit - yet never quite getting around to thanking, oh, Erin Brockovich herself - she didn't quite approach a James Cameron "King of the World" moment...

Author: /time Magazine | Title: The Oscars: Where's the Excitement? | 3/23/2001 | See Source »

...women of the "Charlie's Angels" movie, which has earned $125 million since its November debut, might not seem to have kinship with "Crouching Tiger"'s stately stunners. This colorful jape propels Cameron Diaz, Drew Barrymore and Lucy Liu through its empty-calorie plot with the force of a hurricane blow-dryer. The stars giggle, wear swank togs, toss their coiffures in luxurious slo-mo. Diaz shakes her booty a lot. And skeptics may laugh their booty off when told that the Angels are icons of empowerment...

Author: /time Magazine | Title: Go Ahead, Make Her Day | 3/18/2001 | See Source »

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