Suzanne Harris is a Business Services Consultant with the Texas Workforce Commission. The layoffs are shifting employees to new companies which will create the next economic boom. We have to take a long term view of the current situation. While everyone is focusing on the negative impacts on individuals, economic indicators, and stock values, we are forgetting the long term approach. The short term thinking of the media and stock market keep clouding our vision.
Wisdom looks to the past for guidance and to the future for opportunity.
In 1991 everyone was laying off. We were in a recession. What happened next is the key. Those workers laid off in 1991 were experienced in growing companies and delivering new products to market. Layoffs at Texas Instruments and DSC fueled the boom in Dallas Fort Worth that created Telecom Corridor tm.