Want to lay off staff? Here's why it might be bad for your business - News Summed Up

Want to lay off staff? Here's why it might be bad for your business


According to NPR, tech companies collectively laid off approximately 25,000 employees during the first four weeks of this year. I know all too well how costly it can be to lose long-term, loyal staff due to extreme circumstances. Like countless other companies and not-for-profits, my charitable organisation had no choice but to lay off staff in response to the Covid-19 pandemic. A company constantly cutting and adding jobs cannot effectively maintain these relationships or conduct effective, long-term business planning. This trend is not surprising given that so many employees are worried they could be cut at any moment.


Source: The North Africa Journal July 03, 2024 04:59 UTC



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