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The Art of Management

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HR Managers: Still No End in Sight to Layoff Wave

The dismissal wave which began among hi-tech and financial employees is not behind us yet, and the manufacturing and retail industries fear that even companies who have avoided it so far would start dismissing employees. According to Nurit Berman of Emda, "the reduction in employment numbers will be more painful yet, but you have to put mercy aside to be able to live this period out". Those who do find new employment will have to settle for lower compensation and status.

Read the full article (Hebrew)

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