The major corporations are making the same moves now as they did in previous recessions... Insanity
Apple's stock has been sinking for 60 days and they announce they are going to pay employees more.
Here is the plan = Give raises to a core group of people in supervision. Next, each supervisor is told to lay off 50% of his workers. Of course that department is required to continue to put out the same amount of work with half of the people. Insanity.
Apple's move comes after Google, Amazon, and Microsoft have made changes to their compensation structures in recent weeks to pay workers more.
www.cnbc.com