How To Make Layoffs Less Painful
- Topics:
- Layoffs
- Tags:
- Business Operations,
- Management,
- Leadership,
- Leader,
- Layoff,
- HRGuru,
- Cut,
- Corporate Law,
- Corporate Governance,
- Miracle
- Source:
- HRGuru
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Overview: Its CEO's decision to make the cuts, so don't blame it on the board of directors, market conditions, competition or whatever else. Now more than ever, your company needs a leader, and leaders accept responsibility. Management is usually optimistic and believes things will get better soon, so it cuts the smallest number of people in anticipation of a miracle. Most of the time the miracle doesn't materialize, and the company ends up making additional cuts. By contrast, multiple cuts are terrible for the morale of the remaining employees. One hour after your management team discusses the need to lay off employees, the entire company will know something is happening. If you think to lay people off, then do so.
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Format: HTML | Date: Oct 2008
