Shorter Peter Cappelli interview: In the long run, they don’t help companies. They help the stock price because “Wall Street analysts,” rulers of all things financial, think that layoffs help companies.
A description of the interview from the Radio Times website:
As the nation continues to shed jobs, some employers are searching for alternatives to layoffs like reducing salaries and work hours or asking employees to take voluntary unpaid vacations. We talk with Wharton professor PETER CAPPELLI about the effectiveness of such strategies vs. laying off workers.
Follow the link to the website and search the archives for February 18, 2009, or listen here (MP3).