Layoff and Firm Long-Term Performance.
Academy of Strategic Management Journal 2011, July, 10, 2
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Publisher Description
INTRODUCTION Downsizing is "the planned elimination of positions or jobs" (Cascio, 1993, p. 96). A key question in corporate restructuring is what role downsizing plays, and why firms' announcements are met with different stock price reactions. A downsizing action may signal organizational decline or may be part of an overall restructuring effort of management for future productivity and profitability improvements.
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