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One More Look at Layoffs During the Great Recession

Abstract : For a decade we tracked who was likely to be fired in Europe during an economic downturn. Surprisingly, it was not generally the least productive managers. Over 40% of European managers said they would layoff an older manager even if that manager was a high performer. Twenty eight percent said they would fire younger workers even if they were cheaper or better performers than others. Less than a third of the Europeans surveyed since 1999 said they would fire the employee we called the "weak link," the older, expensive, average performer.
Keywords : layoff Great Recession
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Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Thursday, October 21, 2010 - 4:32:38 PM
Last modification on : Saturday, June 25, 2022 - 10:51:26 AM


  • HAL Id : hal-00528401, version 1




Michael Segalla. One More Look at Layoffs During the Great Recession. Harvard business review, Harvard Business Review, 2010, 88 (1), pp.22-23. ⟨hal-00528401⟩



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