Peter MerholzJan 6, 2023
“Layoffs are a social contagion.” This quote is gold. From: https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
What explains recent tech layoffs, and why should we be worried? | Stanford News

As layoffs in the tech sector mount, Stanford Graduate School of Business Professor Jeffrey Pfeffer is worried. Research – by him, and others – has shown that the stress layoffs create takes a devastating toll on behavioral and physical health and increases mortality and morbidity substantially. Layoffs literally kill people, he said.

Stanford News
Show threadScott M. Stolz
It would be interesting to see the difference in behavior between employee-owned companies and investor-owner companies and privately-owned companies.

From a very small sample size, I noticed that employee-owned companies or companies with a significant share of owners are employees are less likely to lay off people than other types of companies. And when they do, it is financially necessary to keep the company afloat.
Jan 6, 2023 at 6:01pmWeb