Word: letted
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Less optimistically, firms might be realizing they've let go of so many already, more cuts would hit bone. Also, reducing paychecks during a recession can provide cover for companies that had been looking to trim labor costs anyway. But maybe we should hope for purer intentions. And that the plan for avoiding layoffs works...
...Let's hope it works. Pay cuts to avoid layoffs have become increasingly popular in corporate America. It's a choice that oozes compassion (never mind that many of these pay cuts become permanent) and keeps companies poised to quickly scale operations back to full force when the economy rebounds. But that's a big contingency, one that firms trying to do the right thing for both workers and shareholders are starting to trip over...
...based salaried workers would take a 5% haircut - affecting 36,000 people. "But even these measures," CEO Fred Smith said in a message to employees, "may not be enough to offset the rapidly deteriorating economy that has hit our industry so hard." In early April, the company let go of 1,000 employees...
...weeks ago Harvard was swept by Yale in a doubleheader that seemed to put the division title out of reach, and the team gave up seven runs with two outs in the bottom of the sixth against Brown to let the Bears blow open what had been a close game...
...been folded in - a move made without permission from the Ministry of Defense and against the provisions of the peace agreement. Katawal also refused to retire eight monarchy-era generals despite the new government's order. Things came to a head earlier this month when he refused to let the Nepal army participate in the National Games because the PLA was also taking part. (Read about what King Gyanendra and other ex-royals are doing in "Life After the Throne...