Most managers underestimate how much disruption layoffs create; they consume everyone in the organization for at least a year. Managers also typically overestimate the savings they will achieve and fail to understand that even bad recessions usually end more quickly than people expect. …furloughs [are] one way of positioning us for any outcome. To understand that reasoning, look at what really happens when you do layoffs. Each person laid off gets, on average, about six months’ worth of severance pay and outplacement services. So in essence, it takes six months to start saving money. Recessions usually last 12 to 18 months, after which demand picks up, so it’s pretty common for a company to have to start hiring people about a year or so after its big layoff, undoing the savings it began realizing just six months earlier.
- “A Festering Crisis”
[Archive.org URL] - After Layoffs, Help Survivors Be More Effective [Archive.org URL]
- Bill Gurley [Archive.org URL]
- Debunking layoff myths [Archive.org URL]
- Downsizing Lessons Learned [Archive.org URL]
- Downsizing: Who Is The Real Loser? [Archive.org URL]
- Effective Layoffs: How and When to do Them [Archive.org URL]
- Exploring Alternatives to Downsizing [Archive.org URL]
- Henry Hornstein [Archive.org URL]
- Jeffrey Pfeffer [Archive.org URL]
- Managing Survivor Guilt [Archive.org URL]
- Peter Cappelli [Archive.org URL]
- Questioning Authority – Wayne Cascio is down on downsizing [Archive.org URL]
- Redefining the Corporation [Archive.org URL]
- Regenerating Spirit After Downsizing [Archive.org URL]
- Responsible restructuring: Seeing employees as assets, not costs [Archive.org URL]
- The Quest for Better Layoffs [Archive.org URL]
- Top 10 Layoff Mistakes [Archive.org URL]
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