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Small Businesses Work Hard to Prevent Layoffs

 
 
 
Small Businesses Work Hard to Prevent Layoffs
Thursday, March 05,2009 05:17 PM

At a time when the news is filled with large companies announcing major layoffs, some small businesses are determined to buck the trend.

For some companies, it's a matter of pride: They've never had a layoff and they don't want to start now.

But it's also a matter of necessity. For one thing, unlike big companies, small businesses rely on each individual employee much more to keep their companies running. In addition, many small companies use their history of never firing people as an essential tool to attract and retain workers.

This recession, however, is testing the no-layoff policy.

Read the full (free wsj.com) article here: http://online.wsj.com/article/SB123620703459133563.html