Innovation is all about creative solutions to pressing problems.
During this economic environment, we need to innovate (cut costs without killing quality) to survive. Layoffs are an easy (non-innovative) way to do that.
But at what social, moral, financial and long-term cost?
Cari Tuna wrote an excellent article that shows how companies have cut the overhead without cutting throats. These companies are obeying the Law Of The Long View.
I'm not saying that layoffs are always bad. Sometimes, they are the difference between keeping the shop open and closing it because you can't pay the rent. My point in these posts is that layoffs should be the last resort, and every time we do them we should consider it a failure to innovate or workforce plan.