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Stan Kappiris's avatar

Here’s what I’ve learned my short time on this planet: Humans like to reinvent the wheel. They don’t learn from their mistakes or the successes of their predecessors.

I’m sure everyone reading Bill’s column can share a story of a manager who fits that description.

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Kara Gray's avatar

I think it's highly likely that companies make these announcements in the hope that the problem takes care of itself--that employees will leave for new jobs on their own, assuming they're already on the chopping block, and the company just won't replace them. This satisfies investors two ways: it allows the company to reduce headcount without paying severance packages.

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