Firing here, hiring there

05/11/2009 | Wall Street Journal, The

Boeing, Microsoft and Yahoo are among the companies announcing layoffs from some of divisions even as they are hiring for others. This represents a major shift in how companies evolve, some experts say. Many employers once retrained and relocated workers, but "now they've discovered that you can restructure even faster by laying off and hiring," observes Peter Cappelli, director of the Center for Human Resources at the University of Pennsylvania's Wharton School.

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