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One More Look at Layoffs During the Great Recession

Author

Listed:
  • 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)

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.

Suggested Citation

  • Michael Segalla, 2010. "One More Look at Layoffs During the Great Recession," Post-Print hal-00528401, HAL.
    • Handle: RePEc:hal:journl:hal-00528401
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    Keywords

    layoff; Great Recession;

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