ANNOUNCED LAYOFFS - THEIR EFFECT ON CORPORATE FINANCIAL PERFORMANCE

被引:85
作者
DEMEUSE, KP
VANDERHEIDEN, PA
BERGMANN, TJ
机构
关键词
D O I
10.1002/hrm.3930330403
中图分类号
B849 [应用心理学];
学科分类号
040203 ;
摘要
Conventional wisdom holds that when a firm gets into trouble due to lagging sales and rising costs, cutting the size of the organization to reduce fat and waste is a normal and effective response. In this study, evidence was found to suggest that just the opposite might be true. The financial performance of Fortune 100 companies was tracked over a five-year period-two years prior to the announced layoff, the year of the layoff announcement, and two years following it. Contrary to expectations, the results indicate that financial performance worsened, rather than improved, following announced layoffs. Strategic and human resource implications for the management of corporate downsizing are provided. (C) 1994 by John Wiley & Sons, Inc.
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页码:509 / 530
页数:22
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