An honest, sensitive, and supportive approach to staff layoffs stops cuts damaging your remaining workers’ output and morale.
COVID-19 is forcing businesses to slash their workforces, but surviving a cull can leave your remaining workers feeling guilty, fearful and demoralised. Writing for Harvard Business Review, Susan Peppercorn says managers are vitally positioned to shape the reaction of retained staff to protect productivity and safeguard morale.
IMPACTS OF CORPORATE LAYOFFS
A Leadership IQ study on the impact of corporate layoffs found that nearly three-quarters of surviving workers reported a decline in productivity, while two-thirds saw a decline in the quality of their company’s product or service.