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.
One of the paper’s authors and professor at Tel Aviv University in Israel, Alexandra Kalev said in an article in the Harvard Business Review that her previous research hasRead More »from Minorities, women often hit hard during layoffs: study