MBA News: New York Times Reminds Employers Not to Cut Too Deep
November 22nd, 2008
In an article published yesterday, the New York Times (“Why Should Recession Stop the Recruiters?”) explores the employment situation on campus (again!), noting that MIT Sloan has seen a few companies delay or cancel recruiting visits and that Kellogg anticipates that some firms will ultimately rescind offers. This sobering news serves as a backdrop to a larger discussion of whether a “slash and burn” approach to headcount is the way to go. The article reminds readers of past recessions wherein employers have cut too deep and then found it quite difficult to ramp up when the economy later improved. Still, the question remains…. is anyone listening?
