August 1, 2001

Fighting layoffs the old-fashioned way

Author: JT Smith

Kelly McNeill writes "How do you make money and avoid layoffs in a market like this? Do it the old-fashioned way: work hard and earn it. That's the message I'd like to send to all those self-proclaimed consultants who in recent years thought six-figure salaries and stock option packages worth millions were standard compensation for recent college graduates with no practical experience, much less an understanding of how businesses and stock options actually work. Massive layoffs are due to the mindset of so many high-tech workers, investors and company executives who over the past few years fell for the "perception is reality" line of thinking."

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