Why did companies start cutting jobs in the first place?

meaning last yr. is that partially to blame for the economy going down?

Asked By: mizzhollywood26 - 2/12/2009
Best Answer - Chosen by Asker
Companies cut jobs when their business is too slow to support the salaries. What happened was slow in coming. It was the result of years of irresponsible spending and credit practices on the part of the American public. The auto industry was built on a false base. They got the public to buy into the idea they needed/... More
Answered By: Michael - 2/12/2009
Additional Answers (2)
If people aren't buying your stuff, you're not making as much money as you were before. If you're making less money, you don't have as much to spend on employees. Also, you don't have to make as much stuff, so you don't need as many people around to make your products.
Answered By: Omgopolis Lollerpop - 2/12/2009
The economy going down is to blame for companies cutting jobs. See, employment doesn't prop an economy, but a healthy economy props employment. Don't blame the companies. It's the government's retarded lending policies (which the banks copied), and spending policies that are to blame.
Answered By: samsmartkid - 2/12/2009
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