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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (6329)	7/28/1998 12:45:00 AM
From: Grand Poobah	Read Replies (2) \| Respond to of 10921

A comment on an old subject (layoffs) as I read backwards through the recent posts: I recently made it through the first round of layoffs at my equipment company and then decided to head for greener pastures. They had another round after I left. There wasn't much deadwood left around when I was there, although there wasn't a lot of work to do right at that time either, since there weren't any orders coming in. But Katherine's point that you're not going to be able to hire these people back when the upturn comes is a good one. All of my friends that were laid off have already found good jobs elsewhere in the high-tech industry. I've always wondered if these companies win out financially in the long run with layoffs. Sure, they save money in salaries, but they lose in the severance packages, the de-motivating effect on other employees, and in the time spent on hiring and training when the upturn comes. But, with as long as this downturn looks like it's going to be around and as severe as it is, maybe it works out. G.P.