What do you do if your employees are facing a layoff?
Laying off employees is one of the most difficult and stressful decisions a leader can make. It can have a devastating impact on the morale, productivity, and loyalty of your remaining staff, as well as on your reputation and customer relationships. However, sometimes it is unavoidable due to economic downturns, organizational changes, or strategic shifts. How can you handle a layoff in a way that minimizes the negative consequences and preserves your integrity and compassion as a leader? Here are some tips to guide you through this challenging process.