If You Think Downsizing Might Save Your Company, Think Again
Harvard Business Review
APRIL 26, 2017
During the Great Recession of 2008, companies around the world downsized their workforces. American firms alone laid off more than 8 million workers from the end of 2008 to the middle of 2010. To ensure the accuracy of our results, we controlled for known potential drivers of both downsizing and bankruptcy.
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