Common big business vernacular for a realignment of resources was invoke by the CEO John Chambers during the 2008 cuts and was also cited by the company in the February 2009 layoff. As companies continue to operate during this period of depressed economic times they must seek creative solutions which maintain a well trained workforce, hone their ranks to those workers and groups who perform their tasks most efficiently,  and balance fear within the company with a responsibility to their shareholders for performance within the black. We at the downsized do not envy their position and hope that this dim period in our history will soon be over and that we will be able to reemerge better, leaner, and more innovative as the world’s economy becomes more competitive and hopefully more diverse.

Sources:

1. Wall Street Journal
2. Gawker.com

Related posts:

1. Caterpillar to pink slip over 2000 more employees – layoff news
2. Tracking the Unemployment Trends
3. Los Angeles Unified School District Approves Layoffs – 9000 Affected

See the Layoff Tracker here

Some of the notables include:

• Pioneer (Worldwide) – 10,000 2/12/09
• Cisco – 3,000 2/5/09
• Panasonic – (Japan) 15,000 2/4/09
• NEC – (Worldwide) 20,000 1/30/09
• Microsoft – 5,000 1/22/09
• … and many more

Related posts:

1. Tracking the Cisco News for Layoffs
2. Unemployment statistics, just another ill defined value