The use of layoffs as a tool for cutting costs is common among companies both large and small. But a new survey suggests that some employers have masked the true reason for why layoffs at their company took place.The survey from Resume Builder, which polled 600 business leaders involved in layoff decisions at their companies, found that half said 75% or more of dismissals that took place at their company in the past year were not for budgetary reasons.
'Although about a third of participants said that performance always plays a factor in layoff decisions, Hall says the lack of transparency and obfuscation of true motives demonstrated by such tactics harmful. 'Such practices contribute to the growing erosion of trust between employers and employees,' she said.