The Effect of Layoffs on Firm Reputation
By: FLANAGAN, David J
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Contributor(s): O´SHAUGHNESSY, K. C.
Material type: 
ArticlePublisher: London : Sage, June 2005Journal of management : J.O.M 31, 3, p. 445-463Abstract: A firms reputation is perhaps one of its most important strategic resources. Using data from Fortunes Americas Most Admired Companies survey, this article examines how layoffs affect the reputations of firms. The authors found that layoffs have a negative impact on a firms reputation and that this relationship is significantly stronger for newer firms than older firms. Limited support is found for the hypothesis that larger firms reputations will be buffered from the adverse effects of a layoff on their reputations. Implications of this research and future research questions are discussed
A firms reputation is perhaps one of its most important strategic resources. Using data from Fortunes Americas Most Admired Companies survey, this article examines how layoffs affect the reputations of firms. The authors found that layoffs have a negative impact on a firms reputation and that this relationship is significantly stronger for newer firms than older firms. Limited support is found for the hypothesis that larger firms reputations will be buffered from the adverse effects of a layoff on their reputations. Implications of this research and future research questions are discussed
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