Salient to Investors:

In 2001, Bain and Co. found that from Aug. 16, 2000, to Aug. 15, 2001 companies that laid off 3 percent or less of their workforces rose 9 percent for the period versus 4 percent average increase for the S&P, versus flat for companies that laid off 3 to 10 percent of their employees, versus a plung of 38 percent for companies hat laid offmore than 10 percent.

Repeatedly laying off large swaths of workers is often symptomatic of flawed strategies that inevitably produce poor results.

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