One of the biggest mistakes that companies made during the recent crisis was the mass laying off of people to cut costs. Subsequent stock price performance proved its unpopularity with investors while numerous studies over the last decade demonstrated the precedent for its long-term, damaging effects on company performance. Not to mention are layoffs’ adverse consequences for scores of employees and their families.
Cutting Costs Without Cutting People
One of the biggest mistakes that companies made during the recent crisis was the mass laying off of people to cut costs. Subsequent stock price performance proved its unpopularity with investors while numerous studies over the last decade demonstrated the precedent for its long-term, damaging effects on company performance. Not to mention are layoffs’ adverse […]
April 04, 2011
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New!
HBR Learning
Time Management Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Time Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Make smarter, more purposeful choices about how you spend your day.