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The company also saw more than a 50 percent decrease in their stocks. It is important that Global Communications take a different approach to help the company so that it can stay competitive in the telecommunication field.
In the past, Global Communications has had a reputation of taken care of their employees, but with the new approaches and directions they will be "going against the grain". Prior to these directions, they cut health and education benefits 20 percent. Now, employees are will loose their jobs and be laid off while others will take a 10 percent pay cut. Ultimately, Global Communications do not have any choice and they need to act quickly to stop the downward spiral, which could lead the company into bankruptcy...
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Common topics in this essay:
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