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#stanfordgraduateschoolofbusiness — Public Fediverse posts

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  1. Why “Copycat” #Layoffs Won’t Help #Tech #Companies — Or Their #Employees | #StanfordGraduateSchoolOfBusiness

    "... the #workforce #reductions that are happening across the #TechIndustry are a result mostly of 'social contagion:' Behavior spreads through a network as companies almost mindlessly copy what others are doing. When a few firms fire staff, others will probably follow suit. Most problematic, it’s a behavior that kills people: For example, research has shown that layoffs can increase the odds of suicide by two times or more.
    Moreover, layoffs don’t work to improve company performance, Pfeffer adds. Academic studies have shown that time and time again, workplace reductions don’t do much for paring costs. Severance packages cost money, layoffs increase unemployment insurance rates, and cuts reduce workplace morale and productivity as remaining employees are left wondering, 'Could I be fired too?'"

    gsb.stanford.edu/insights/why-