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Restructure without breaking your firm

Glenys Barton layoff

Market shifts, new technologies and new competition can require major restructuring. To avoid negative consequences, plan thoughtful workforce change instead of automatically resorting to layoffs.

Layoffs have become a default response to an uncertain future marked by advances in technology and intense competition. In the US alone, 880,000 to 1.5 million people were laid off annually between 2000-2008 and 2010-2013. Yet layoffs are damaging – to employee engagement and company profitability. Writing for Harvard Business Review, Sandra J Sucher and Shalene Gupta argue for a different approach.

WHY LAYOFFS ARE INEFFECTIVE

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Credits:
Source Article: Layoffs That Don’t Break Your Company
Author(s): Sandra J Sucher and Shalene Gupta