Quote:
Originally Posted by GGG
Staff layoffs don’t make sense unless you are expecting this to fundamentally change Your operation going forward. You need about a year to pay for severance and the cost of hiring and training a new person to break even on a lay-off.
So if you expect to need the people within a year you keep them on. The payback is shorter for contract staff.
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This is completely true. All the contract staff were easy pickings to cut costs. You know this when you sign up for it though.