What is your reaction to the use of layoffs to react to economic conditions?

A

Layoff is not very effective since it disrupts the very foundation that holds a company as a performance unit due to reduced capacity and lowered morale. Although economic conditions present tough choices to make, relying on them to lay off employees might be detrimental in the long-term, through the loss of talent even after recovery. In the real sense, a company might lose talent that can take decades to recover. Moreover, it lowers the morale of the remaining employees and destroys the lives of those being laid off, despite the fact that the economic conditions are not static.

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Academic.Tips. (2021) 'What is your reaction to the use of layoffs to react to economic conditions'. 10 June.

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Academic.Tips. (2021, June 10). What is your reaction to the use of layoffs to react to economic conditions? Retrieved from https://academic.tips/question/what-is-your-reaction-to-the-use-of-layoffs-to-react-to-economic-conditions/

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Academic.Tips. 2021. "What is your reaction to the use of layoffs to react to economic conditions?" June 10, 2021. https://academic.tips/question/what-is-your-reaction-to-the-use-of-layoffs-to-react-to-economic-conditions/.

1. Academic.Tips. "What is your reaction to the use of layoffs to react to economic conditions?" June 10, 2021. https://academic.tips/question/what-is-your-reaction-to-the-use-of-layoffs-to-react-to-economic-conditions/.


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Academic.Tips. "What is your reaction to the use of layoffs to react to economic conditions?" June 10, 2021. https://academic.tips/question/what-is-your-reaction-to-the-use-of-layoffs-to-react-to-economic-conditions/.

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"What is your reaction to the use of layoffs to react to economic conditions?" Academic.Tips, 10 June 2021, academic.tips/question/what-is-your-reaction-to-the-use-of-layoffs-to-react-to-economic-conditions/.

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