This year I experienced being sacked, made redundant. I knew consutants/contractors like me will find it hard going this year so late last year I took an offer to work as an employee. After coming from Portugal to give my paper, it was one of exhiliration, unexpectedly we won the best paper award. God continues to surprize me with his grace. Then a day after I went back to work - I was one of those retrenched. Such is life, so says Ned Kelly.
A long time ago I worked for HP here. Back in those days, HP would not sack people, instead, they will take a pay cut and it starts from the CEO all the way down to the middle managers. I am sure it is different now since the merger with Compaq but in those days while one of the founders was alive, they knew that sacking people for a big company was not necessary, all they had to do was to share their profit and go with a bit less. This is what Holden (GM) here is going to do. Read it here. So God bless them.
Big companies really do not need to sack people. They just don't want to slash their profits and share it with their employees. Sacking people is actually a reflection of management failure. It does not have to be the first option when the market gets bad. Sacking people for bad working behaviour is fine but sacking people simply because your profit will be affected if you dont is just plain selfish.