In this episode, Warren Buffett was asked to discuss his attitude towards the use of layoffs as a means of responding to short-term downturns in company profits.

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This speech is given by Warren Buffett & Charlie Munger at Berkshire Hathaway Annual General Meeting on May 2, 2009.
► Full Video: https://buffett.cnbc.com/2009-berkshi...

☆Who is Warren Buffett (The Oracle of Omaha)?☆
Warren E. Buffett is one of the most successful investors in the world and the chairman & CEO of Berkshire Hathaway, who has a net worth of over 100 billion dollars. Warren Buffett's Berkshire Hathaway has posted average annual returns of 17.1% since 1985, well ahead of the broader stock market’s 10.5% including dividends. If you’d invested $10,000 in Berkshire Hathaway at the start of 1985 you’d now have $2.4 million; the same principal in the S&P 500 would now be worth about $227,000.

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Warren Buffett on How to Deal with Layoffs | Berkshire 2009