What do you do if you want to minimize the impact of a layoff on your employees?
Layoffs are a challenging reality in the business world, often resulting in not just a loss of talent but also a dip in remaining employee morale and company reputation. When faced with this difficult decision, it's crucial to approach the situation with empathy, transparency, and a well-thought-out plan to minimize the negative impact on your employees. The following strategies can help you manage layoffs in a way that respects the affected individuals and supports the remaining team members.