« on: July 10, 2010, 09:44:24 AM »
I think that is kind of messed up to layoff people instead of reducing pay rates from 160,000-128,000 since that is what the associates wanted.
Why? A pay cut would benefit most the associates most likely to be laid off, and it would probably harm the firm in terms of being able to recruit.
More to the point, it doesn't make the big firm especially bad compared to plenty of other employers in other industries.