SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: kumar who wrote (16913)11/20/2003 6:30:16 AM
From: LindyBill  Read Replies (1) | Respond to of 793698
 
Last week Verizon laid off another 21000 employees.

Tough for the people involved, but good for the country. These type of shakeouts are normal and reduce costs, which increase profits. As Samuelson points out, Wal Mart is hiring like mad, while Sears and K-Mart are laying off. That is the "creative destruction" you go through with Capitalism.