Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

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Dec 26 9:30 AM EST

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To: michael97123 who wrote (50882)	8/21/2001 9:08:56 AM
From: advocatedevil	Read Replies (1) of 70976

RE: "I dont get it. AD calls layoffs a leading indicator. I always thought of them as a trailing one." I've been sitting in management meetings at my company since the beginning of the year during which time we have discussed, planned and implemented 3 successive rounds of layoffs. The cuts are always determined by the level of business we expect to see going forward. If we believed the outlook to be anything but down, we would not consider lowering the head count. If we forecasted only a short-term pull-back, we would not consider layoffs. Losing good people who are trained and experienced is always a last resort. RE: "Yet employment numbers remain firm." I think it's worth noting that many layoffs do not happen immediately or all at once. They're often scheduled to occur in the near term, over weeks or in the months come. In addition, as time goes on, it becomes more difficult for folks to find a new job. Good jobs are going fast and availability is reduced by the increasing numbers of unemployed. Mike, I'd be interested in hearing why you consider layoffs a trailing indicator. What am I missing? Please educate me. AdvocateDevil

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