Everything wrong with the state of modern business in a nutshell. "Essentially flat sales" = $1 billion+ in profit. But because the ludicrous stock market insists on growth, growth, growth, this is not good enough and requires massive layoffs. Insanity.
@antonyjohnston I feel like we need social protections enforced by government that demands something like full pay for a year when being made redundant by a profitable company. Or even a company with substantial revenues.