Cutting Costs Without Cutting People (Harvard Business Review, 4 April 2011)

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. Read more