This piece discusses the impact layoffs due to the pandemic will have on the country and how we should be looking at alternatives to letting people go.
Wayne Cascio, a management professor at the University of Colorado, Denver, and his colleagues recently a recently completed a study of every publicly traded company on the New York Stock Exchange from 1980 to 2016. The companies that delayed layoffs as long as they could — whether by cutting salaries, furloughing employees, or even running in the red — saw higher stock returns, two years later, than comparable companies that fired people from the start.
Read full article at The New York Times