Managers are deservedly despised as hypocrites for effecting mass sackings in downturns, after having repeatedly described their ‘human resources’ as their companies’ most valuable assets.
Now, describing people as ‘resources’ and ‘assets’ gives away the manager’s moral imbecility. However, there is no contradiction between their words and deeds here.
Risks are proportionate to returns. While people can do great things (for which managers take credit) when they have work, they are capable of greater mischief when the tools are down. Hence, managers are perfectly consist when they get rid of ideal hands and minds.