Company A swallows Company B, and thousands of workers are laid off. Months behind on a project, Company D hasn't planned for growth and must hire hundreds at exorbitant rates. Company E brings in a new CIO, and suddenly it's time to slash the headcount to goose the stock price. It's all in the name of profitability, of course.
Massive layoffs reflect bad management decisions.
In this editorial, Brown shares his views on why you should retain longtime employees. The cost of poor people management When business suffers, workers are punished with job losses, while senior management descends with golden parachutes. The crowning insult is that people who understand the company best and have the knowledge to fix it have just been let go. This loss of productivity is palpable, but it doesn't necessarily show up in departmental budgets. Companies mistakenly outsource strategic assignments when they should assign contractors to the mundane, tactical undertakings.