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Business Finance: Standing on the edge of the cliff - cut costs, not jobs

Jan 10, 2013 5:54:00 AM

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Cutting jobs as a first and quick fix in response to the fiscal cliff or any other external economic factor is not only bad PR, it's often bad business. The problem is, while quick, it's far from a long-term fix. Proxima's latest research found that companies could enjoy a bigger boost to earnings by trimming operational costs other than jobs.

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(Source: Business Finance)

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