Are You a Gutless Manager?

Last Updated Nov 26, 2008 12:01 PM EST

Even companies that are doing well are cutting workers, gutless acts of either pure fear or business cynicism that will be rewarded by reduced employee loyalty. These are the kinds of times when managers make their reputation -- Hewlett-Packard became a legendary place to work when Bill Hewlett and Dave Packard decided during the 1974 recession that they would do everything possible not to lay off their employees. That won't be true of the companies mentioned in the Boston Globe piece linked above. And it will exacerbate the downturn.
  • Michael Fitzgerald

    Michael Fitzgerald writes about innovation and other big ideas in business for publications like the New York Times, The Economist, Fast Company, Inc. and CIO. He’s worked as a writer or editor at Red Herring, ZDNet, TechTV and Computerworld, and has received numerous awards as a writer and editor. Most recently, his piece on the hacker collective the l0pht won the 2008 award for best trade piece from the American Society of Journalists and Authors. He was also a 2007 Templeton-Cambridge Journalism Fellow in Science and Religion.