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But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.
Downsizing itself is an inevitable part of any creatively destructive economy.
In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
Much of what is called investment is actually nothing more than mergers and acquisitions, and of course mergers and acquisitions are generally accompanied by downsizing.
'Dilbert' became popular during the downsizing of the '90s, and job security was a major theme of the strip.
In practice, downsizing is too often about cutting your work force while keeping your business the same, and doing so not by investments in productivity-enhancing technology, but by making people pull 80-hour weeks and bringing in temps to fill the gap.
The corporate killer downsizing is directly responsive to what the mutual funds have wanted.
We've lost 400,000 jobs in Michigan because of downsizing.
There is no denying that downsizing can happen when a company receives private equity funding. It is unfortunate and hard on everyone who is affected.
N. Robert Hammer
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