As the tech industry in particular fires people in their tens of thousands, Sandra J. Sucher and Marilyn Morgan Westner explain something I’ve always felt intuitively about mass layoffs:

“I’ve studied layoffs since 2009… the short-term cost savings provided by a layoff are overshadowed by bad publicity, loss of knowledge, weakened engagement, higher voluntary turnover, and lower innovation – all of which hurt profits in the long run.”