Failure to Downsize: Insights From Layoff Announcements and Firm Performance

Kannan, Bharadwaj

doi:10.2139/ssrn.2701363

Cited by 1 publication

(1 citation statement)

References 56 publications

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“…The definition of layoff refers to the temporary or permanent removal of employment of an employee or a group of employees for business reasons. Most of the time, the reasons are involved in business restructuring or business downsizing in critical period (Noer, 1993;Kannan, 2015). Layoff is always preferable to the corporate because it becomes one of the cost reduction strategies and prevents redundancy positions happens in the operations management of the corporate (Kokas, 2010).…”

Section: Introductionmentioning

confidence: 99%

Alternative Strategies to Avoid Layoff in Airlines Industry During the Covid-19 Pandemic

Singh¹,

Dilip

et al. 2021

IJTHAP

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This research was carried out to explore the layoff situation among the Airline industry during the COVID-19 pandemic and suggest the alternative strategies that would consider by the Airline company. The method used in this research is an online questionnaire distributed to 100 respondents as the primary data collection and the secondary data analysis from the empirical studies that can obtain from electronic and non-electronic media. The findings of this research indicated that one of the suggested alternative strategies, Furlough, is the most recommended one. However, Attrition and Hiring Freeze strategy has less recommended because of the low effectiveness of this strategy on downsizing companies. The study enables the airline company to consider the alternative strategies on their downsizing policy in order to minimize the employees and company loss.

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Section: Introductionmentioning

confidence: 99%