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A well-known pharmaceutical company has recently announced serious job cuts in Ireland and worldwide. Quite a few more companies will most probably follow the suit.

With the recession looming in the background, raising interest rates, and increased pressure on financial performance, downsizing a workforce seems like an obvious choice to many organizations.

On paper, the math seems pretty simple – cut 100 staff and you save €5 million or so per year. But this kind of thinking is quite short-sighted.… Continue reading