An offshoot syndrome of the slimming disease and first coined by a Canadian stress institute, corporate anorexia is suffered by a company that cuts staff for fear of becoming fat. Anorexics think they look fat when, to everyone else, they appear at death's door. The more the boss downsizes in the name of efficiency, the more anorexic the company becomes till it's so skinny, it goes bankrupt. JP Morgan was recently accused of corporate anorexia: a sardonic e-mail circulated in response to a series of major job cuts sparked rumours that the bank would reduce its workforce by 120% by the end of 2002, thereby laying off more staff than it had! Anorexics spend months in therapy.
Bosses should consider doing the same, though they could save a buck or two by reducing their own pay packet.