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I worked for one of those mega corporation that followed Welch's book, only they didn't have the courage to openly state it, oh and screw the top 30%. They would "layoff" 10% every year blaming the bad economy.

A friend even tried to fire a guy for bad performance and high management told him to wait for the next "annual layoff", that it would be easier.

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I have seen this happen many times in big companies. Even people who clearly should have been fired long ago are kept around until the next round of layoffs. I think it is because it is simply easier on management as well as the fired employee's themselves: "it's not you, it's the recession/company/etc." Also seems to be the way to get rid to bad employees when they were worried about getting sued for descrimination because of sex/race/age/etc.

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