Layoffs and outsourcing the latest corporate strategies

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Layoffs and outsourcing the latest corporate strategies

Layoffs are fast becoming a vital and beneficial strategy in the corporate world. One common way to reduce structural complexity and running costs is to outsource functions to firms that specialize in such services. Citigroup is the latest company to opt for corporate restructuring. But according to experts, this can be a double-edged sword where the solution can cause as much trouble as the initial problem.

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