Rethinking Layoffs

This morning’s headlines in my news apps included an item about McDonald’s closing its US offices as preparation for layoff announcements. Many companies across industries are planning or have already executed layoffs; but there can be significant downsides, and we’ve seen some play out. Thoughtful approaches to cost cutting or layoffs are vitally important because trimming the wrong people or functional areas may undermine your strategy or cripple future innovations. How can you know you’re cutting the “right” people?











