Consider the long-term effects of letting the ax fall.

It's been a lengthy time since manufacturers had to face the reality of an economic downturn and bring expenses. And because reductions in headcounts can generate the fastest savings, layoffs are usually the first order of business. However, for the sake of stability and long-term expansion layoffs may not make advantageous economic sense in today's business environment.

While I can't argue that we are publicly experiencing a slowdown, there have the appearances to be as many opinions as there are economists as to by what means long it will last and by what mode deep it will go. In fact, I freshly read an article where