Jack and Rick Take on the Labor Market, Pay Cuts and Why Layoffs Might Be the Worst Thing a Company Can Do
The Blind Ambition with Jack Kelly
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Do You Think That's a Good Idea?
"I think what happens is this, they're sharks and they smell blood," he says. "Once people are laid off, costs are cut, where does the stock price go? Goes up." He adds that in a warped way, it actually helps the remaining workers because their total compensation is going to rise.
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Transcript
