[quote=sdrealtor]Everytime I see anoncements by publically traded giants for thousands of jobs I wonder how many jobs they will actually cur of the announced figure and how much they are just trying to pimp their stock price up a buck or two……….[/quote]
I worked for a number of years in senior level corporate finance positions, involved in quite a few restructurings and layoffs. The headcount numbers can be fudged a little bit, as there is constantly new hiring and resignations, but ultimately the resulting financial numbers are public and will be dissected in great detail by analysts – and securities litigation attorneys. Exaggerating the numbers is of dubious benefit, and makes the corporation vulnerable. We would only announce the action after the list of names had already been compiled.
