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.
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