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The Relationship Between Announced Layoffs And Financial Performance, Carol E, Goldman

Theses

This thesis focuses on the impact of downsizing on financial performance. Downsizing has become a catchall term for plant closures, eliminating entire layers of management, and even subcontracting large amounts of a firm's operations. Although many American firms are downsizing they often do hot consider what they are trying to achieve by cutting jobs or closing plants. Generally, U.S. companies are eliminating - jobs in their organizations in an attempt to cut costs believing that to do so will increase profitability and result in more efficient organizations. It is naturally assumed that any strategic change in a corporation, such as …