In 2002, I was having a budget conversation with my CFO. I was
general manager of the online store and we were discussing my
requests for FTEs, technology upgrades, and marketing spend. The
CFO asked me, "this is an online store...why do we need to spend
any more money...doesn't it run itself?" (I'm 99% sure he wasn't
joking.) This week, news has been circulating that FMCG company
Procter & Gamble will eliminate 1,600 jobs and shift more
budget into digital media. The headline over at Business Insider is
a bit more incendiary: "P&G To Lay Off 1,600 After Discovering
It's...
Date Published: Feb 02, 2012 - 1:22 am