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{"id":1828,"date":"2011-08-08T12:43:38","date_gmt":"2011-08-08T19:43:38","guid":{"rendered":"http:\/\/qmpdev.net\/?p=1828"},"modified":"2014-08-25T16:24:48","modified_gmt":"2014-08-25T23:24:48","slug":"dont-give-up-on-the-top-line-no-matter-how-tough-things-get","status":"publish","type":"post","link":"https:\/\/theqmpgroup.com\/dont-give-up-on-the-top-line-no-matter-how-tough-things-get\/","title":{"rendered":"Don’t Give Up on the Top Line (no matter how tough things get)"},"content":{"rendered":"
<\/p>\n
The Most Common Reaction to Economic Turmoil: Expense Reduction<\/span><\/p>\n
T<\/strong>here\u2019s a line in the Willie Nelson tune \u201cNothing I can do about it now\u201d that goes like this:<\/p>\n
I\u2019ve survived every situation<\/em> \nKnowin\u2019 when to freeze and when to run.<\/em><\/p>\n
Two years into the current economic downturn, there is plenty of evidence that companies are trying to do both. Firms continue to take aggressive steps in reaction to reduced demand. Cisco just announced layoffs of 6,500 employees. Other big name firms such as Merck, Lockheed and Boston Scientific also announced staff reductions.\u00a0 Borders finally threw in the towel, closing its last 400+ stores.\u00a0 It once had 1,200 outlets, employing more than 35,000.\u00a0 And most recently, HSBC indicated it will let go between 25,000 and 30,000 employees.<\/a><\/p>\n