#productivity-decline

#productivity-decline

"We had the same turnover throughout the pandemic," Joy explained. "But we had no profit. And the reason is, we needed more people to be able to deliver the same amount of work... because we were working from home and productivity just tanked."

Layoffs cause fear, anger, and deep loss of trust among remaining employees. Research indicates that targeting just 1% of a workforce increases turnover by 31%. Another survey found that 74% of employees reported a productivity decline following layoffs.