Layoffs (Usually) Don’t Work and Why They Harm More Than Help

Workplace Psychology

as a result of loss of job, social relations are radically changed. In turn, lowered psychological health follows from this condition” (Muchinsky, 2006, p. By eliminating jobs, they reduce payroll costs. Muchinsky, 2006, p. The loss of institutional memory and trust in management. Companies that simply reduce headcounts, without making other changes, rarely achieve the long-term success they desire” (p. Muchinsky wrote (2006, p. 2006).

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Barbara Shannon: “Put down your gadget and turn off the news”

Thrive Global

Before he walked out, he came into my office and told me we didn’t have money for payroll. Over the next two years, with the help of an incredibly gifted new CFO, we executed a complete redesign of that organization, including new fundraising from the community, a change in program focus to provide services to HIV affected women and families and a major culture change. I was ready for a change and wanted to learn more about business.

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