A Descriptive Analysis of Layoffs in Large U.S. Firms Using Archival Data over Three Decades and Interviews with Senior Managers
Hallock, Kevin F.
This paper uses data on over 4,600 layoff announcements in the U.S., covering each firm that ever existed in the Fortune 500 between 1970 and 2000, along with 40 interviews of senior managers in 2001 and 2002 to describe layoffs in large U.S. firms over this period. In order to motivate further work in the area, I investigate six main issues related to layoffs: timing of layoffs, reasons for layoffs, the actual execution of layoffs, international workers, labor unions, and the types of workers by occupation and compensation categories. The paper draws on literature from many fields to help further understand these issues.
management; layoffs; unemployment; compensation; corporation
Required Publisher Statement: Copyright held by Emerald Publishing. Final version published as: Hallock, K. (2006) Layoffs in large U.S. firms from the perspective of senior management. In J. J. Martocchio (Ed.), Research in Personnel and Human Resources Management, 25 (pp.137-179). Reprinted with permission. All rights reserved.