Publication Date

8-2010

Abstract

KEY FINDINGS

· In general, job tenure in the United States has shortened significantly over recent decades, particularly for relatively older male workers.

· Stock prices, which used to react negatively to job loss announcements, began to react less negatively in the recent past, and now tend to react slightly positively.

· CEO pay is correlated with layoffs, but, when company size is controlled for, there is no relationship between CEO pay and layoffs.

· Laid-off workers are less well off than in the past, in terms of subsequent wages, reemployment, and health.

· While there are some alternatives to layoffs, firms tend not to use them.

Comments

Recommended Citation
Center for Advanced Human Resource Studies. (2010, August). Understanding the new reality of layoffs and helping employees find solutions to cope (CAHRS Research Link No. 9). Ithaca, NY: Cornell University, ILR School.

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