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Fortune

Amber Burton, Paolo Confino

HISTORICAL FACTS: Do layoffs actually save you money some experts say no - Caught on Camera

employee layoffs illustration (Credit: Getty Images)

Good morning!

Let’s start the day by debunking a common myth: Job cuts are a surefire way to help cure a company’s financial woes. While a popular theory, the data suggests otherwise, writes Fortune’s Geoff Colvin in a piece this week. Mass layoffs can actually come with some hefty hidden costs.

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