I’m curious what everyone thinks of this idea. I’ve worked with multiple CEOs of big companies who have told me – before the current crisis, when the economy was stronger – that it is very difficult to fire employees because it destroys morale and fills employees with fear for their own jobs. As a result, not-tiny corporations tend to fire only the very worst employees, not the “generally underperforming but not a total disaster” employees. Over time this results in a buildup of low performers. Therefore, I would extrapolate to guess that when the economy becomes worse, even if they don’t need to layoff employees, it is a great excuse to lay off the low performers that are hard to fire when times are good. What do you think?
Story Published at: January 29, 2023 at 12:53PM
Story Published at: January 29, 2023 at 12:53PM