Trimming the Fat? Or Cutting to the Bone?

The fact that so many firms are willing-desperate, even-to lay off often highly experienced staff is a sign that firms are more focused on how they will get through the next one or two years than on the staff resources they will need to support new growth initiatives five years from now. Many may not even be around by then.

In fact, according to a survey of budget predictions for 2009 conducted by StreamBase Systems, staff cuts are seen by both sell-side and buy-side firms as one of the biggest a

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