If you would like to ask me a question, you can submit it here.
Archive for Tag “jobs”
Here’s Yaron’s and my latest Forbes.com, “The Virtue of Employee Layoffs.”
A CEO stands in front of his crumbling, century-old factory and speaks to his employees. “I promise that no matter what, I will never renovate this place. No matter how many worn-out items break, no matter how much our out-of-date machinery slows us down, no matter how many people tease us for clinging to fax machines over email, I will keep this factory going as-is. It’s time to embrace the inefficient.”
How long do you think a company operated in such a fashion would last? How long do you think its employees would have jobs?
Everyone understands that in a competitive economy, businesses face an ultimatum: maximize efficiency or die. But although few today would demand that a CEO tolerate an unproductive factory, the notion that a CEO has a duty to maintain unproductive jobs is sacrosanct.