tag:blogger.com,1999:blog-6569681.post5337550968339815809..comments2024-03-24T10:38:16.997-07:00Comments on Geeking with Greg: Layoffs and tech layoffsGreg Lindenhttp://www.blogger.com/profile/09216403000599463072noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6569681.post-45291909068818359152009-05-05T11:33:00.000-07:002009-05-05T11:33:00.000-07:00I'm not expert, but it strikes me that layoffs, mo...I'm not expert, but it strikes me that layoffs, more than almost anything else a company can do, challenge the trust employees place in management. If a company can clearly and forthrightly explain the reasons and process for its layoffs, I think the trust can not only survive but even grow. Unfortunately, I think few companies do this well--perhaps because their management listens to lawyers who tell them to say as little as possible. Consequently, employees are all afraid and unsure where they stand, and the best ones start looking for alternatives.Daniel Tunkelanghttp://thenoisychannel.com/noreply@blogger.comtag:blogger.com,1999:blog-6569681.post-52457170813150481942009-02-15T22:33:00.000-08:002009-02-15T22:33:00.000-08:00I read a study that even a 1% RIF increases volunt...I read a study that even a 1% RIF increases voluntary turnover by 31% after the recession/downturn is over. Basically, even if in the short run your employees don't leave, good people will find a way out eventually. <BR/><BR/>It's sad that so many companies are actually in a position where layoffs are basically something they must do. But at the same time let's not pretend they're going to escape from the layoffs with positive results (except survival, which is sometimes all they need).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6569681.post-78214615502388989172009-02-06T06:33:00.000-08:002009-02-06T06:33:00.000-08:00I can personally attest for the severe drop in mor...I can personally attest for the severe drop in morale & trust in management during layoffs. I worked in telecom in 00-02 & witnessed first hand the scramble in the aftermath of the WorldCom bankruptcy. While I was there, my employer's presence in the Raleigh, NC area went from 500 employees to 50 employees. For a period, layoffs were announced every other Thursday company-wide. This, coupled with their stock price dropping to less than 10% of its value a year prior led to a huge amount of resentment toward management, who seemed to just get shuffled around instead of axed.<BR/><BR/>Getting laid off was probably one of the better things that happened to me professionally, but I was young with no kids or mortgage. For those employees who had more obligations, their stock savings & job security seemed to vanish over the course of a couple months.<BR/><BR/>-JonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6569681.post-739742146095602222009-02-05T23:01:00.000-08:002009-02-05T23:01:00.000-08:00A recent article on choosing between dividends and...A recent article on choosing between dividends and workers:<BR/><BR/>http://www.investorsdailyedge.com/article.aspx?id=1879Jason Yiphttps://www.blogger.com/profile/08286768587936088382noreply@blogger.com