The impact of workforce reductions on financial performance: a longitudinal perspective

During the last two decades, workforce reductions played an integral role in the restructuring strategies of many companies, especially for Fortune 500 companies. However, research in this important area has been limited. A doubly (multivariate) repeated measures design was chosen for this study to determine the longitudinal impact of workforce reductions on financial performance. The largest 250 U. S. corporations, as measured by 1992 revenues,...