For years the Dutch have been courting Russian business. Now they want their dead back
Traffic to Chipotle Mexican Grill increased in the second quarter, despite price increases
It remains to be seen whether any religious groups with federal contracts will argue that they should be allowed to discriminate if they want to
What Netflix lovingly refers to as "Content" puts the company far ahead of Amazon and Hulu in the race to become a real HBO competitor
A months-long public-relations debacle is taking a heavy toll on the operators of dark pools
The furniture manufacturer of midcentury classics acquires its largest retail outlet
That an accordion-playing parodist has become one of the most enduring musical acts of our time is, well, a little weird
A new report shows young college-educated professionals will wait a long time to see the financial rewards of their degree.
Profiled companies pay the recruiting service, but job-seekers don't
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.