How much does outplacement cost?
As a followup to the last post on outplacement costs, here’s some info forwarded to me by a buddy.
On CNN there is an article titled Sprint to slash up to 2,500 jobs. In the article it says they are budgeting between $60 MILLION and $80 MILLION for this downsizing.
WOW.
That is $24,000 to $32,000 per person. Clearly there are other parts of displacement costs than just outplacement – but man, that is expensive!
Having said that, the reduction will result in $350 million dollar savings each year…
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Hi th...