May 13, 2020
Amy Stern shares the impact of layoffs and furloughs on employees who remain and how their leaders can best support them.Scroll Down
In business, just like in life, there are no guarantees. We plan, innovate and conserve as best we can but there are still times when it’s not enough. We may find ourselves facing an impossible decision – do we let go of the people who work so hard to keep our business alive or do we risk its future entirely?
Workforce reductions of any kind are not taken lightly. The pain is real for both the employer and its employees. But often the decision is made with the intent to preserve as many jobs as possible. As leaders, these are the jobs we need to focus on protecting after we’ve taken care of exiting employees.
Amy Stern, Managing Director of Research and Strategy at BI WORLDWIDE, shares: