Balance Sheet Booster Shot: Curing Rising EBCosts Executives looking to solve balance sheet problemsoften begin the process by cutting employee headcount for immediatecost savings. These layoffs seem like the answer because theyeliminate salaries, the largest item on the expense sheet. Theyalso whittle down the enormous costs of providing full-timeemployee benefits such as health care, dental, vision andpension.
Layoffs, however, can have a significant negative effect, fromthe ability to research, develop, market and sell products, to moreabstract effects such as employee morale and productivity.
Ultimately they affect Wall Streets perception of your companysfuture potentialyou risk alienating the very populations yourehoping to appease.
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