Signs of a slowing economy have heightened fears that businesses may soon face tougher financial conditions. In anticipation of a downturn, many companies are already considering cost-cutting measures.
These cost-cutting actions taken during the 2008 financial crisis significantly eroded trust in management and strained employee-management relations.
When employers make decisions that directly impact employees' livelihoods, like wage cuts or layoffs, without adequate communication or involvement, it can feel like a betrayal.
Such actions can feel like a breach of trust—a betrayal of the unspoken expectations between employers and employees.
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