NEW YORK, June 18 (Xinhua) -- U.S. public companies have reduced their white-collar workforces by a collective 3.5 percent over the past three years, according to employment data-provider Live Data Technologies, with one in five companies in the S&P 500 having shrunk over the past decade.
"The cuts go beyond typical cost-trimming and speak to a broader shift in philosophy," reported The Wall Street Journal about the development. "Adding talent, once a sign of surging sales and confidence in the future, now means leaders must be doing something wrong."
