> "(...) best seen in the popularity of mass lay-offs – a strategy that has been resoundly proven to be counter-productive, costly, even disastrous, along multiple dimensions, over multiple decades of study."
This is the first time I read that big layoffs are "disastrous" for companies vs. some other approach in these situations (other maybe than the rather obvious fact that companies who are conducting mass layoffs are often in dire straits to begin with). I'm assuming "for companies" is implied here, because the way I read the sentence, the author is saying doing mass layoffs is misguided from the point of view of company management, not someone altruistically trying to maximize welfare in society overall or something like that. Does anyone have a good source for this?
This is the first time I read that big layoffs are "disastrous" for companies vs. some other approach in these situations (other maybe than the rather obvious fact that companies who are conducting mass layoffs are often in dire straits to begin with). I'm assuming "for companies" is implied here, because the way I read the sentence, the author is saying doing mass layoffs is misguided from the point of view of company management, not someone altruistically trying to maximize welfare in society overall or something like that. Does anyone have a good source for this?