Downsizing may not be getting as much media attention as the recent corporate scandals, but Wayne Cascio hasn’t forgotten about it. A management professor at the University of Colorado at Denver, Cascio has been studying the effects of downsizing on both individuals and corporations since 1993. While Cascio is sympathetic to the victims of job cuts, he is just as concerned about the companies. His research shows that layoffs rarely lead to increased profitability-and sometimes result in just the opposite. ATB spoke to Cascio about the myths, the hidden costs, and the aftermath of downsizing.
Author: Melissa Master
Source: Across the Board (ATB)
Subjects: Human Resources, People