Give more independence to the Scots—paired with a statement that there will be no more votes for a long time to come
The move comes as GM's blue-chip brand is finally considered in range of—if not quite on par with—the best German luxury rides
Unresolved economic conflicts simmer during a tenuous cease-fire
In becoming Oracle's chairman and chief technology officer, Ellison will leave the software giant he founded in the hands of co-chief executive officers Mark Hurd and Safra Katz
The popular premixed funds are supposed to get more conservative as retirement gets closer. What “conservative” means is open to interpretation
With "activity-based working," you lose your desk and gain your freedom—all for better efficiency
The NFL is facing its worst crisis in 50 years. Why is Commissioner Goodell so sure he won't lose his job?
Two dozen live shows will broadcast professors' ideas for 40 hours a week, serving as a way to broaden Wharton's reach
A report finds high default rates on franchise loans
By Matthew Boyle
With the economic outlook worsening by the day, corporations have been jettisoning employees at an alarming rate. In the fourth quarter alone, employers let go more than half a million workers, according to the Bureau of Labor Statistics. But there are many other ways to cut costs, and in some instances a creative alternative can stave off a layoff. Only 2% of companies have used permanent layoffs as their sole cost-containment tactic, according to a February survey by outplacement firm Challenger, Gray & Christmas, so it's clear that alternatives like furloughs and pay freezes are being aggressively pursued. Here are some examples from companies big and small around the globe.