Are layoffs a good strategy?
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July 5, 2001: 8:30 p.m. ET
Job cuts are effective at cutting costs, but long-term value is usually negative
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NEW YORK (CNNfn) - New claims for state unemployment insurance rose last week, the government said on Thursday, while the number of Americans remaining on the unemployment rolls topped 3 million for the first time in more than 8 years.
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VIDEO
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But what is the track record of job cuts as a corporate strategy? CNNfn's Peter Viles takes a closer look.
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