Economic uncertainty often drives leaders to slash costs through layoffs, yet this strategy can harm company culture and decrease employee trust significantly in the long term.
While layoffs may provide immediate financial relief, they risk severing trust between employees and management, potentially leading to a toxic work environment that hampers productivity.
The residual guilt among employees who remain after layoffs can lead to decreased focus and heightened anxiety about their job security, undermining overall staff morale.
Creating a culture of open collaboration boosts productivity without resorting to layoffs, ultimately maintaining employee trust and the company’s employer brand.
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