Layoffs (Usually) Don’t Work and Why They Harm More Than Help
DECEMBER 3, 2018
as a result of loss of job, social relations are radically changed. In turn, lowered psychological health follows from this condition” (Muchinsky, 2006, p. By eliminating jobs, they reduce payroll costs. Muchinsky, 2006, p. The loss of institutional memory and trust in management. Companies that simply reduce headcounts, without making other changes, rarely achieve the long-term success they desire” (p. Muchinsky wrote (2006, p. 2006).