The study looked at how companies' social responsibility affects their decisions to lay off employees, the severance payments they give, and how much information they disclose about layoffs. Companies with high social responsibility are more likely to lay off employees and give better severance packages. They also share more details about the layoffs. During financial crises, socially responsible companies lay off more employees than less responsible ones, which helps them perform better financially. This shows that being a good corporate citizen can help companies make tough decisions during tough times.