Wielding the axe … creatively Available to Purchase

Making people redundant has become a way of life for many multinationals over the past decade. In a quest for efficiency, firms have been laying off thousands of employees ‐ and most observers expect the trend to continue. But many of the multinationals that have cut their payroll have not streamlined their operations in the most effective way. Suggests that one reason may be that the firms have been overmanaged and underled.