A financial consultant I once did work for was fond of quoting Warren Buffett on this very topic, saying, "You can't dig your way out of a hole." The point is that companies often cut the very employees, such as research staff, who could speed growth and/or recovery. Glad to see the point of view is getting some mainstream press.

Nicely written article about a situation that normally elicits kneejerk hyperbole both pro and con.

There is more I would have said as a participant/victim/player. Pretty well put, though. Good story well put.

Excellent and hard-nosed business ethics piece.

Disappointing superficial analysis.

It is good journalism because it presents a new perspective that changes some notions about the effects of layoffs on profits. It is extremely good news that, if it is absorbed by corporate America could have an excellent effect on the overall employment picture.