Shocking Rivals, Firm Swings Ax on 19 Partners

Shocking Rivals, Firm Swings Ax on 19 Partners
This should not be shocking news. The whole world is experiencing a serious downturn in economic activity. So, why wouldn't there be situations like this in the UK and elsewhere. Moreover, why should they be the exception rather than the rule. Notably, one rival managing partner is quoted as saying, "If Addleshaws is doing it then other firms may follow suit..." However, there was a disclaimer that followed. With all the stimulus and efforts to turn things around in the US, there is still scant progress to show for it. In fact, the situation in the US may actually still be worsening. Thus, there may be much more to come, particularly in those economies that are not as engaged as the US might be in trying to turn things around.