Abbi Vakil › Comments

Good news for me. - Shawn Farner

What a surprise! - Tyson Key

Panic usually leads to short term policies. - Rene, Pro Button Pusher

So when all the businesses realize that the slump is not as bad as it was initially led to believe the hiring surge will begin. Something we look forward to. - Michael Quale

I think a lot of companies used the downturn to justify trimming dead weight. - Robert Hafer

I doubt companies have cut too much, more like they haven't cut enough (jobs). Let's face it: either you've been laid off or you have fear abt getting laid off. Either way, you're not going to spend as much as before. And since our economy depends on consumer spending, all this bad news just feeds on itself & causes even more layoffs. Here in SV we're kind of insulated from the real problems in the mid & Eastern parts of America. Thankfully tech companies have strong balance sheets to weather the storm... - Abbi Vakil

There is cutting of dead weight, but I'm pretty sure the downturn is also used to dump more work on a smaller employee base. I understand the need to cut into the highest expense, which is payroll, but putting more people out of work only leads to less consumption. - Rene, Pro Button Pusher