Layoffs are for companies to reduce the size of their workforce and lower operating costs, skill distribution remains the same – there are various exceptions to ensure this.
If some employees are underperforming they should already be on their way out. That also is a process protected by law (no at-will employment here), otherwise layoffs would just be an excuse to expedite firings without going through the necessary steps. In short, being employed assumes you can perform at a satisfactory level, which makes sense to me. The flipside is that hiring is a much bigger commitment as people are not disposable.
Voluntary severance packages are usually offered ahead of layoffs, and include compensation based on years worked, so things can balance out a little.
The whole regulations are more about the social impact. Younger employees have an easier time re-arranging their lives and finding new jobs, are less likely to apply for welfare, and still have time left to switch careers, so this benefits everyone.
>Layoffs are for companies to reduce the size of their workforce and lower operating costs, skill distribution remains the same – there are various exceptions to ensure this.
But since this subthread is discussing LIFO layoffs, the problem is that generally the last in is also the lowest paid - not always of course - but if so it means that to hit your operating cost point you might need to reduce more people than you would if you could pick and choose.