Is Your Company Preparing For Layoffs? Here Are 4 Subtle Warning Signs

  • 📰 Forbes
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

How can you tell if your organization is prepping for layoffs? Apart from the obvious signs, there are a number of subtle indicators.

If your company is publicly traded, you've got quarterly earnings reports and other financial disclosures to peruse. You won't always find the word"layoffs" in those reports, but you might find references to"cost savings," or"efficiencies," or other euphemisms.From the more than one million leaders who've taken the test"," we know that over half of managers employ a Diplomat leadership style.

If your boss has historically operated like a Diplomat leader, but recently they've appeared less gregarious, more reserved, less cheerful, and more cautious in their conversations, something is going on. There's no guarantee that the change is the result of impending layoffs, but it could be. Think about how a manager who cares deeply for their employees while sworn to secrecy about impending layoffs might react. Their discomfort could cause the exact type of behavioral changes noted above." discovered that the median time people spend interacting with their boss is three hours per week. .

The key here, though, isn't whether your leader spends too little time with you; it's whether that time has changed recently. If your leader used to spend six hours per week conversing and meeting with you, and now that number is one or two hours, something is going on. Similarly, if your boss used to rarely talk to you, and now they're meeting with you every day, that's also a sign.Sometimes a performance review is just a performance review.

None of these signs are guaranteed precursors of layoffs. But they are signs that something is happening, and when it's your career on the line, they're signs worth attending to.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol

If your manager takes an interest in your job duties and either ask you to document it or train a backup. That is a major red flag

Yep, you can smell death. Always have your own move ready. Otherwise, they make the move. Also, there's nothing more liberating than telling your company somebody else is better especially when they are.

Keep your eye on the peanut m&ms in the break room when they go you won’t be far behind.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines