50 Alternatives to Layoffs
The statistics aren’t as up-to-date as I’d like, but layoffs are startlingly common. Writing for Fortune magazine, Claire Zillman revealed that, in 2015, “employers … announced 493,431 planned layoffs so far [that] year.” Apparently, these companies don’t realize that there are alternatives to layoffs.
Business owners don’t have to cut half their workforces to stay in business—not always, at least. In fact, with just a few hours of research, I uncovered 50 distinct alternatives to layoffs that companies could try before giving their devoted, loyal, hardworking staff members the proverbial ax.
Many people I know and love have lost their jobs to layoffs (or to the layoff’s close cousin, “reductions in force”). It’s unacceptable.
If you’ve read any of my recent articles, you know that I’m passionate about employee engagement and employee satisfaction, but it’s even more important that businesses hang on to their talent. Layoffs send a clear message: “We value our P&Ls over you. Get over it.”
You can read more over on Medium, where I list and describe 50 alternatives to layoffs.