Lay Off the Layoffs
by
Jeffrey Pfeffer
"Despite all the research suggesting downsizing hurts companies, managers everywhere continue to do it. That raises an obvious question: why? Part of the answer lies in the immense pressure corporate leaders feel—from the media, from analysts, from peers—to follow the crowd no matter what.
...
The facts seem clear. Layoffs are mostly bad for companies, harmful for the economy, and devastating for employees."
