How haphazard layoffs hurt companies and employees

Play Video

Some of those profit losses stem from declines in productivity, since cutting staff means there are fewer people around to meet company goals. But the performance of employees left behind also suffers as they deal with a mixture of heightened anxiety, fear and survivor’s guilt that affects the quality and quantity of their work. Almost three-quarters of people who watched colleagues get pink slips say their motivation to work has fallen as a result, according to a recent survey by Bizreport.

Of course, there are often good financial reasons why companies might need to cut jobs. Markets shift, revenue sources appear and disappear, economic hardship bites, and executives are forced to make hard decisions. For companies headed toward bankruptcy, job cuts are necessary to rein in costs.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: The government ditched inflation-protected bonds – companies should start issuing their ownFinance Minister Chrystia Freeland recently announced that Canada will no longer issue inflation-protected ‘real return’ bonds GET THE TRUDEAU GOVERNMENT OUT ...WE WANT AN ELECTION TODAY 🙂
Source: globeandmail - 🏆 5. / 92 Read more »

Immigration alone won’t help companies that are ‘starved’ for workers, experts say - National | Globalnews.caWith the unemployment rate at historic lows, many companies are 'starved' for workers, and new immigrants will help fill some of the need, one expert said. The introduction of a 'Universal Basic Salary' will surely help. 😏 But it will help the liberals win the next election. Europeans are the strongest immigrants you want promote families and child birth instead of destroying their culture and north americas problems will be fixed
Source: GlobalNational - 🏆 81. / 51 Read more »