Economy

Growing in a Down Economy

Trimming the Fat I am all in favor of trimming the fat. Every company has inefficiencies and employees that aren’t adding value to the company. This exercise of fat trimming should be an ongoing exercise, quarterly. If a company larger than 200 employees is firing 10% or more of their employees they have a serious management issue. No well run company can operate efficiently with 10%+ of “fat”, and no company can expect to grow while letting go 10%+ of their staff.