From the Oregonian

It appears in their zeal to lay off people in order to boost the bottom line, Oregon companies are finding out the opposite is true:

"On the whole, those efforts have failed to achieve the desired results...The analysis found that companies that cut jobs were no more likely to increase their profit margins.

"To the contrary, the numbers revealed a slight correlation between companies that increased their job counts and those that saw increases in profits..."

I agree with the one person being quoted in the article, that layoffs work best for companies when demand for products is down. Unfortunately, companies lay off people willy-nilly without any attention paid to the expense of losing a skilled workforce or in undermining employee morale.