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'Tis the Season...for Layoffs?

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Yho! Laid off some folks recently. Before the holidays. / Photo by m kasahara via LAist's flickr pool.

The U.S. economy is in the tank. We all know that. But what we didn’t know is that somewhere along the line it became the norm for companies to become Scrooge-like by issuing pink slips, layoff notices, or holding reorganizations, reshuffling, restructurings, downsizings, rightsizings, RIFs (reduction in force, dontcha know) – the week or two before the Christmas/Hanukkah/New Year’s holidays.

We heard about big companies like Yahoo! who chose this time of year to give some employees the old Heisman: “Hey, thanks for all your hard work. Happy holidays! But by the way, here’s your hat! Don’t let the door hit you on the way out!”