Reducing Costs and Increase Profits
© Copyright Frank D. Kanu 2000-2008
When the news report about a company that is trying to cut costs you almost always hear: We are laying off people… When managers and leaders considering laying off workers as the only option to reduce costs—than one really has to wonder what is taught in business classes. After all—one does not need a degree to lay off people.
That amounts to about 5 percent of the bank’s 327,000-strong work force. Citigroup said its plans include “shrinking the size of corporate centers,” several of which are in New York. It also expects to move some 9,500 jobs to lower-cost locations.
Still, the elimination of the jobs won’t reduce the bank’s work force, but merely slow its growth, Citi executives said.
How can laying of 5% of your people not lead to a reduction of the work-force? The only way I can see is that Citi executives are trying to tell us that some 5% of their people actually do not work.
Technorati (All Links are external): business classes citi citigroup corporate center corporate centers executive increase profit jobs laying off news report profit profits reduce costs work force business ethics leadership management
When the news report about a company that is trying to cut costs you almost always hear: We are laying off people… When managers and leaders considering laying off workers as the only option to reduce costs—than one really has to wonder what is taught in business classes. After all—one does not need a degree to lay off people.
That amounts to about 5 percent of the bank’s 327,000-strong work force. Citigroup said its plans include “shrinking the size of corporate centers,” several of which are in New York. It also expects to move some 9,500 jobs to lower-cost locations.
Still, the elimination of the jobs won’t reduce the bank’s work force, but merely slow its growth, Citi executives said.
How can laying of 5% of your people not lead to a reduction of the work-force? The only way I can see is that Citi executives are trying to tell us that some 5% of their people actually do not work.
That’s scary, isn’t it?
There are companies that choose not to lay off and still increased their profit.Where do you think one can find the real leaders?
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business classes citi citigroup corporate center corporate centers executive increase profit jobs laying off news report profit profits reduce costs work forceTechnorati (All Links are external): business classes citi citigroup corporate center corporate centers executive increase profit jobs laying off news report profit profits reduce costs work force business ethics leadership management
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