Monday, March 23, 2009

Layoffs May Be Result of Herd Mentality

Snowballing layoffs may be evidence more of a herd mentality than a careful evaluation of costs and benefits, according to a business school professor.

The article goes on to note that, regardless of the firm's circumstances, the similar approach to cost-cutting may have nothing to do with the realities of each firm's situation.

(Source: ABA Journal)

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