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Originally Posted by tomsem
US-based companies brag about laying people off. It supports the stock price.
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I don't think so. Seen any examples of a company bragging about it?
It's true that if a company is being pressured to cut bloat, they might point to layoffs to show how aggressive they are being in reducing costs, but they don't brag. they always act all unhappy about it and talk about what an unfortunate but necessary step it was.
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It doesn't seem to me that they are blaming anyone (who would they blame? they are one of the major ebook publishers), just saying print sales are down and they have to cut distribution costs.
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Their dispute this year over ebook pricing with Amazon is likely where they will place some blame.