Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives.

Description: Job cuts in the financial world are expected to persist for some time. But there are bright spots for MBAs, bond traders and investment bankers.

Source: CNNMoney.com

Date: 10/03/2009

Keys: HR (p286), Economy (p66)

Link: http://money.cnn.com/2009/09/30/news/companies/wall_street_jobs/index.htm?postversion=2009100320

Questions for discussion: 

  • Are there any differences in the hiring and firing practices of Wall Street HR departments and say, GM? Explain your answer.
  • What risk is there to firing employees, especially highly skilled financial specialists?
  • Are there alternatives to firing when revenues drop at a firm? Explain your answer.

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