Leveraged Layoffs

Leveraged Buyouts is a passe. Here comes Leveraged Layoffs. If a company stood to gain by getting into a LBO during its heydays, it is still enjoying its cup of leverage by filtering off non performing assets. During these recessionary times, everyone, right from banks to IT corporations have been asked or are purging off their NPAs. Seems pragmatic of course. But at the end of the day there is a difference between a job less person and a battered financial instrument. Isn't there any? I too am not outside the periphery of such crisis. There is a sword hanging on our team too. I guess, one of the prices we have to pay for what we do. But at the end of the day, it is a job well done that is gonna save everyone's day. In my rationality, there is absolutely no reasoning in shelling out people due to unsustainability. I guess, retaining the assets, albeit at a lower cost makes more sense. On these lines, I agree to Mr Narayanamurthy's views. I take the same stand for my team too. People are the best asset any organization can have and the last resource anyone would ever think of loosing out on. These times have become the ripe time for inefficient organizations and bad managers to save their day. I just wish, these guys realize that it takes a leader not a manager to lead an organization to success.