In an aggressive cost cutting move Big Pharma leader GlaxoSmithKline is cutting 20% of its HR Department. This also occurred last year at Abbott Laboratories. HR professionals would be wise to continually upgrade their skills to the strategic demands of today's marketplace. The future of the profession is moving towards more outsourcing, better technologies, smaller HR staff's and more strategic HR practitioners. This move by Glaxo is very aggressive. Tough way to start 2010.
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1 comment:
Shell did the same thing last year, and they're even weathering the recession really well financially. I think all companies are using the recession as an excuse to get ride of low performers that they're too afraid to cut off otherwise.
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