As volatility in the global economy continues, company layoffs remain in the news. Effective leaders understand that while layoffs may be necessary and appropriate, in many cases they cause more damage than benefit. These leaders take seven actions to reduce risks to company performance, reputation and long-term viability.
While layoffs are difficult for all involved, effective leaders handle them with care to avoid unraveling company purpose, culture and performance.
A version of this article originally appeared on Forbes.com on March 30, 2023.
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