EXPERT BRIEFING
Layoffs: Can They Be Avoided? Can They Be Conducted Compassionately?
Layoffs rarely increase financial performance or stock price of the company beyond one to two quarters. Instead, they often result in negative outcomes such as loss of skills, learning, productivity, and innovation; low employee morale; and brand reputational risks. This briefing describes 11 alternative strategies that can be used to reduce organizational costs before resorting to layoffs and seven actions to conduct layoffs more compassionately.
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