Economy Perpetuating Gender Discrimination and “Boys Club” at Many Companies
In these difficult economic times, many employees in various types of organizations are being terminated as part of reductions in force. What has remained constant, is that at the upper echelons of many top companies on Wall Street and elsewhere, the “Boys Club” remains intact.
Companies are restructuring and downsizing often at the expense of top female executives, in some cases even if the female executives happen to be exceedingly well qualified. Lawsuits against companies for gender discrimination are on the rise because many women feel they are being selected for downsizing not based on productivity or skill set, but because of gender.
While not to say that a struggling economy effects women more than men, it seems as if companies are using the recession as an excuse to perpetuate the “Boys Club” at the top levels of their organization.
