One More Look at Layoffs During the Great Recession

Michael Segalla ()
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Michael Segalla: GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique

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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 (search for similar items in EconPapers)
Date: 2010-02-09
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Published in Harvard business review, 2010, 88 (1), pp.22-23

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00528401

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