The simple funda is 20 percent of your staff will provide 80 percent of your production...so whether or not the company is hit by recession...this was the best time to get rid of the trivial many and keep the vital few but what they fail to understand was 80% of production time is wasted because of poor management and to some extend employees attitude so this is the area that needs to be concentrated

cheers

while a few see recession as an opportunity, i think most of the investors see their money going down the drain and these are the people who create panic all around and its worse if its done by the big shots e.g. Kingfisher.
I think it boils down to one thing...the investors can not see the profit %tage going down. All they want is the figures to remain constant even in the crisis. If the profit was made by hiring 120 people than what's the need to cut short it to 100. i think recession is the time when investors need to open those coffers to support those who worked hard to make that fill.

Some investors are also seeing this an opportunity to get more equity for less money invested in companies. ’`