Corporate Layoffs

TOPIC

This paper was written to take a closer look to the dilemma of Corporate Layoffs. It consists of a little background, thoughts on this manner from different sides and a final analysis of what I think on the manner, followed by possible ideas for future occurrences.

BACKGROUND:

When big corporations, large manufacturing facilities were founded after industrial revolution in late 18th or early 19th century, not a lot of people thought this might lead to a big dilemma one day…A dilemma that people were having trouble to make decisions with their brain or heart.

It took about five decades, for people to realize about an opportunity that could reduce manufacturing costs in other lands, where working standards were still not defined and where labor was a lot cheaper than what it was in the original country of the company. One thing that decision makers belittled, or never even thought about, or didn’t care about was the fact that even five years were more than enough for employees to start feeling belonged and thoughts of these employees that they were going to work for the same company forever.

Started from a ‘never heard something like that before’, to many of them like GM’s facilities in Flint, Mi, corporate layoffs became a big problem affecting lives of many people. It is actually kind of sad to see what this became today, as we can see that there are thousands of articles on ‘How to survive a corporate layoff?’ on the internet, newspapers and business magazines.

Prior to the 1980s, layoff/downsizing initiatives were typically associated with business cycle downswings, with laid-off workers recalled as business conditions improved. Beginning in the 1980s, a greater proportion of layoffs resulted from plant and office closures and were, therefore, permanent. Many of these downsizing efforts were intended to make U.S. firms more profitable in the face of intensified global competition. As the U.S. economy improved in the 1990s, large-scale...