Question

Which impact of the 2008 recession is directly related to OB?

1) Increases in layoffs and job losses
2) Decreases in housing prices
3) Increases in the amount of housing foreclosures
4) Changes in luxury goods spending
5) Changes in accounting regulations relating to the valuation of certain securities

Answer 1

The most relevant impact of the 2008 recession connected to Organizational Behavior was the substantial increase in layoffs and job losses, profoundly affecting the workforce and business operations.

Step-by-step explanation:

The impact of the 2008 recession directly related to Organizational Behavior (OB) is increases in layoffs and job losses. During the recession, the U.S. economy suffered significant setbacks, evident in the Bureau of Labor Statistics (BLS) report indicating a rise in unemployed Americans from 6.8 million to 15.4 million.

Employers issued a staggering number of layoff notices, with mass layoffs peaking in February 2009, impacting around 326,392 workers. This not only affected the productivity and output of businesses but also had a profound effect on the workforce and their behavior within organizations.