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Examples
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The big idea: When will employee head-count reductions "destroy" a company's culture?
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"Periodic head-count freezes and an emphasis on production volume may have contributed to this situation," the report said.
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"We will decline to comment on future hiring or head-count numbers," says Kimberly Pineda , director of corporate public relations for Oracle Corp.
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Law firms basically focused a lot of head-count reductions during the recession on associate ranks, says Dan DiPietro , chairman of Citi Private Bank's law-firm group.
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The mayor will recommend head-count reduction in the Education Department be comprised of 4,666 layoffs and 1,500 others through attrition, aides said.
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We've taken a lot of head-count out of this company over the last two years.
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He said the company would look at further asset sales including real-estate and securities holdings, and that head-count reductions were also under consideration.
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"The rest of our head-count expansion will be our sales, trading, research and back office support for our equities roll-out globally," said Mr. Kandiah, who formerly was the joint head of Asian equity capital markets at UBS.
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"Once you start head-count reductions and plant closures, you are adding to the unemployment, you are adding to the anxiety in the market."
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Instead, it has slipped 10 places to rank 92nd in investment-banking revenue in Asia-Pacific ex-Japan, and has announced a ¥40 billion $520 million cost-cutting plan that involves head-count reductions in Asia and closing down unprofitable operations.
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