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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (217722)	1/30/2003 3:20:50 PM
From: ild	Read Replies (3) of 436258

Reuters Toys R Us says cutting 700 management jobs Thursday January 30, 2:20 pm ET PARAMUS, N.J., Jan 30 (Reuters) - Toys R Us Inc. (NYSE:TOY - News), the nation's biggest toy retail chain, on Thursday said it was cutting 700 management and supervisory jobs, effective immediately. A spokeswoman said the cuts did not include store managers, but would involve some "second tier" supervisors. Money saved from the job cuts would be used to increase training and allow sales people to spend more time in the stores. biz.yahoo.com Exactly like Steve Roach predicted in 2001 Global: Coming to Grips With Managerial Bloat morganstanley.com and in 2002 morganstanley.com ...The persistence of managerial bloat remains a unique feature of this business cycle. ...Managers now make up a record 25.1% of total white-collar employment in the nonfarm US economy, fully three percentage points higher than a decade ago. That’s right, one out of every four white-collar workers in America is currently a manager! ...

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