Quote:
Originally Posted by luqmaninbmore
And, to be exact, they are often using the economy as an excuse to cut back on labor expenses and increase already robust profit margins.
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A lot of businesses right now are failing and closing just as Borders has.
Those robust profits have evaporated for many and they had insufficient savings to hang on until the climate to make a profit returns.
Cutting labor is a sign the company didn't save a large enough reserve, and if the economy does not improve it is just dying slower.