Background Note | HBS Case Collection | December 2010 (Revised September 2014)

Layoffs: Effects on Key Stakeholders

by Sandra J. Sucher, Elana Sara Green, David Alberto Rosales and Susan J. Winterberg

Abstract

From 2004-2009, almost 40,000 mass layoffs occurred in the US, representing over 7 million workers. This note describes the effects of layoffs on employees, firms, and communities.

Keywords: Restructuring; Decisions; Employees; Resignation and Termination; Business and Stakeholder Relations; United States;

Citation:

Sucher, Sandra J., Elana Sara Green, David Alberto Rosales, and Susan J. Winterberg. "Layoffs: Effects on Key Stakeholders." Harvard Business School Background Note 611-028, December 2010. (Revised September 2014.)