Something is going on. “Many companies are reconstituting their work forces at a faster pace than ever, hiring just as many as they are laying off, or hiring fewer, but more expensive workers even though these moves aren’t always united under a single, explicit strategy. Some of the companies are thriving and simply want to bring in a new set of skills so they can take advantage of trends involving the Internet or e-commerce. … lots of job cuts and the resulting churning of the labor force are a sign of progress, not trouble, because they mean companies are trying to become more efficient rather than sit fallow,” reported the Wall Street Journal. [i]
[i] Barta, Patrick, “In Current Expansion, As Business Booms, So, Too, Do Layoffs,” Wall Street Journal, March 13, 2000, p. 1.