> Behavior spreads through a network as companies almost mindlessly copy what others are doing. When a few firms fire staff, others will probably follow suit.

I generally agree. Copycat layoffs are the result of “we have to do something” thinking, with little thought put into whether or not what’s being done is actually beneficial. Politicians are subject to these types of actions, as well.

If you do the same thing everyone else did and it doesn’t work, you don’t get blamed. You, like everyone else, was a victim of “circumstances”. But if you do something different and it doesn’t work, it’s your ass.

That said, these circumstances could provide cover for companies who need to shed poor performers or performers who’s cost-benefit is no longer positive to the company. But that requires more planning and forethought than I think any of the major players are applying.