Quote:
Originally Posted by tony286
When my father worked for a very very large international bank in the 70's. There was a large recession, to lay people off was considered a loss of face for the ceo. It was these are our employees we had a duty to them like they have a duty to us. All salaries were frozen and there wasnt much to do but they waited it out.
Now its human capital just dump them . They werent communists.
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And there were plenty of companies that did layoffs. Just because your dad's company did not do it does not mean it was not prevelant . . . or the rule of thumb more often than not.