BUSINESS
06/26/2009 05:12 am ET Updated May 25, 2011

Are Layoffs Unethical?

In mid-May, British Global Services announced 15,000 job cuts, while Japan's Sony continued cutting 16,000 jobs. Here in the U.S., 5.7 million jobs have been lost since the recession began in December 2007. To cite one example, Caterpillar, the heavy equipment manufacturer, is moving to layoff more than 20,000 workers. These days such mass layoffs are sadly unsurprising, but are they ethical?

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