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The Shareholder Supremacy
Better Offline
Discussion on Layoffs and Business Strategy
The company decided to implement layoffs as a strategic move to boost profits and stay competitive in the face of growing overseas competition. This decision marked a shift in the company's perspective on layoffs, viewing labor as a cost, not an asset. Despite initial success in profitability, the decision to lay off employees who had contributed to the company's success was met with criticism and anger by some individuals.
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