"I've searched for information on downsizing to put it into some kind of perspective. One example is General Motors which experienced poor sales and cut its workforce by around 20% in 2008/9. It needed a government bailout to keep operating............Who is going to bail them (WATCHTOWER) out?" - slimboyfat
Nice try. I respect your intent to broaden your horizons and understand the American corporate business model better. However, I will use the same business analogy as you and come up with the exact opposite conclusion.
FORD MOTOR COMPANY was in the same 'boat' as CHRYSLER and GENERAL MOTORS during the 'Great Recession.' There was one big difference. FORD never took bailout money from the UNITED STATES TREASURY nor did they file for bankruptcy like GENERAL MOTORS. They had previously borrowed money commercially to 'weather the storm' and combined this with their cash on hand to at least stay solvent. Today, FORD MOTOR COMPANY has gross assets of $108,461,000,000.00 and their stock is trading at $11.9457 a share even as we speak. During the 'great recession' FORD'S stock was trading at $2.29 on 12/31/2008 and at one point the stock dipped drastically to $1.01 a share for a few moments. What's my point? FORD survived without a bailout because they made sound financial decisions. WATCHTOWER is surviving without a bailout (technically) because they are making sound financial decisions.