Quick Enquiry Surviving the Credit Crunch
Recently a mortgage industry executive was quoted as believing that if you did not shed 40% of your staff then you were likely to encounter very troubled waters. At first glance this is a compelling headline that summarises the fear that the current economic situation engenders in many. However, a little reflection is required. Any figure is of course arbitrary. If you were massively over recruited in the first place then 40% is possibly a very realistic figure but the likelihood is that in many cases it will be less and for some unfortunates it may be more.
