Friday, July 29, 2016

Minorities, women often hit hard during layoffs: study - YAHOO

by Michael Shulman 
Originally published: July 26, 2016
Publisher: Yahoo.com 

A new study says that when companies slash jobs, it is often women and minorities who disproportionately get the axe.

The research, which is published in the July/August edition of the Harvard Business Review, analyzed data from more than 800 U.S. companies spanning three decades and also used interviews with hundreds of managers and executives.

It found that when firms downsize based on position, rather than the performance of individual workers, there is an immediate nine to 22 per cent drop among the ranks of white and Hispanic women, as well as Hispanic, black and Asian men on their management teams.

The study also found that when companies laid off employees based off seniority, or the “last hired, first fired” method, they let go of nearly 19 per cent of white women in management and 14 per cent of Asian men.