Are Layoffs Truly A Last Resort?
Lots of news recently about layoffs. Companies public and private, large and small, across almost every industry have been cutting payrolls. How do businesses, and business owners in particular, decide when the time is right to do that? It’s not uncommon to hear that job cuts are a last resort to save money, but is that really the case? Have these companies really tried everything else they can before deciding to lay people off? From purely a cost standpoint, I understand how it makes sense, but it also makes me wonder if in fact some of these cuts are truly a “last resort.” I don’t know the answer and I don’t mean to imply that it is or isn’t the case, just something I’ve been thinking about.
For the next issue of The MHEDA Journal, we’ll be interviewing members about this and other issues to get feedback about what’s really going on out there. We’d love to hear from you if you’re willing to participate!
Tags: economy, material handling
