The layoff announcements just keep coming.
As interest rates continue to climb and earnings slump, WSJ’s Dion Rabouin explains why we can expect to see a bigger wave of layoffs in the near future. Illustration: Elizabeth Smelovthis year. Now many wonder: Does being the newbie make them more vulnerable to potential layoffs?
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Yes: being the FNG makes you a little more vulnerable. However. In conversation with the CEO of a multi-national Mining Conglomerate, he told me: 'First we get rid of the people we don't like; then the people who have stopped pulling the wagon but still pull the paycheck'.
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Layoffs: Companies copy others 'in almost mindless imitation,' professor saysA growing number of companies have implemented layoffs in the midst of the challenging economic environment. One professor said companies are copying what others are doing. we’ll if the professors and nyc psychiatrists say so..
Source: FoxBusiness - 🏆 458. / 53 Read more »
What Companies Still Get Wrong About LayoffsResearch has long shown that layoffs have a detrimental effect on individuals and on corporate performance. The short-term cost savings provided by a layoff are often overshadowed by bad publicity, loss of knowledge, weakened engagement, higher voluntary turnover, and lower innovation — all of which hurt profits in the long run. To make intelligent and humane staffing decisions in the current economic turmoil, leaders must understand what’s different about today’s larger social landscape. The authors also share strategies for a smarter approach to workforce change. The owner of this app doesn’t give AF
Source: HarvardBiz - 🏆 310. / 63 Read more »