As an office-supply dealer, we’re definitely noticing that one of the first stops for a corporation looking to cut costs tends to be the supply cabinet. In general, this rough economy and its effect on the office-at-large is something that concerns all of us, so it’s always interesting to see others’ takes on it. For example, this new article from Reuters has some grim projections:<\/p>\n
“If you cut into flesh long enough, eventually you find bone,” said David Rosenberg, chief economist at Gluskin Sheff in Toronto. “Cost cutting is not a bottomless pit.”<\/p>\n
Firing people, introducing hiring freezes, halting investments, trimming budgets or even skimping on office supplies are time-tested ways to prove the old adage that a penny saved is a penny earned.<\/p>\n
A slew of companies reported better-than-expected first-quarter results because aggressive budget slashing more than made up for falling sales. According to Rosenberg, 40 percent of companies missed their top line expectations in the first quarter.<\/p><\/blockquote>\n
Basically the article is stating that while slashing deep now can help pull a company out of a slump, it’s going to leave a lot of people stranded and playing catch-up when the economy finally rebounds. It’s a snowball effect: imagine you fire a lot of people, cut office supplies, reduce office space…now you’ve got more money and the economy is bouncing back. Not only do you have to re-hire everyone, you have to make sure they all have staplers and a place to sit.<\/p>\n
It’s a logistics problem that I think a lot of companies are not yet taking seriously. We’ll see how many of them are left standing once the economy pulls itself up by its bootstraps.<\/p>\n","protected":false},"excerpt":{"rendered":"
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