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The Risky Business of Layoffs
Lawsuits, Tarnished Brands & Less than Engaged Employees
Paul Sniffin & Mark Hornberger
Career Partners International – Washington/Baltimore
During difficult economic times, companies often have to do whatever they can to reduce and control costs, which typically includes reducing their workforce. Even in good economic conditions, reductions in the workforce remain a cost cutting strategy that many organizations utilize.
Despite being perceived as a “normal course of business” in any economy, leaders take actions, often in haste, that unfavorably affect their workforce, brand image and business results. This can potentially expose the organization to a variety of risks such as lawsuits, tarnished brands and less than engaged employees, all of which can carry a hefty price tag.
In a recent webinar entitled The Risky Business of Layoffs – Lawsuits, Tarnished Brands & Less than Engaged Employees, Career Partners International, one of the largest talent management consultancies in the world, hosted a panel of experts in the legal, communications and outplacement fields to share advice and strategies to help mitigate such risks.