Question:-

As a group, discuss the cost-cutting approaches cited in the article, and then discuss whether you think these measures make sense. Are such cost-cutting moves in the companies' best interests?

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"As More and More Companies End Little Perks, Critics Call Moves Petty, Pointless," The Wall Street Journal, January 4, 2001, Joann S. Lublin. Overview "The frills are gone." Companies are digging deeper and deeper to cut costs in an increasingly competi- tive marketplace. Aetna notified employees that they would have to start paying for coffee, which was formerly provided by the company. Lucent Technologies reminded employees to stay in budget hotels and fly coach class except on very long business trips. Some Xerox divisions have stopped stocking wa- ter coolers. Some critics say that such cost-cutting moves are counterproductive.