STOP Doing Layoffs - They Hurt Employees AND Companies

Companies seem addicted to layoffs. That's bad because they hurt not only employees but also the company’s results, according to research.
See why layoffs are so bad and how to avoid them!
00:00 The corporate love affair with layoffs
03:45 Why layoffs are bad for employees
06:22 The one way layoffs are good for employees
07:20 Why layoffs are bad for companies
09:06 Why layoffs are bad for the economy
09:52 Why are layoffs so common
15:42 Why are layoffs especially common in the US
18:42 Layoffs can almost always be avoided
19:57 How Southwest Airlines avoided layoffs after 9/11
21:39 How Xilinx avoided layoffs
27:09 What do we do about it?
29:07 Conclusion
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My videos on Musk’s twitter chaos:
• Musk’s Twitter Layoffs...
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Links:
www.newsweek.com/case-against...
www.nceo.org/employee-ownersh...
www.yesmagazine.org/issue/new...
www.theguardian.com/social-en...
hbr.org/2021/01/when-you-know...
theconversation.com/one-in-fi...
finance.yahoo.com/video/south...
positivesharing.com/2012/10/m...
www.hofstede-insights.com/cou...
fortune.com/2021/06/06/corpor...
www.cnbc.com/2022/10/24/more-...
www.health.org.uk/publication...
health.usnews.com/wellness/ar...
www.irishtimes.com/business/a...
www.shrm.org/hr-today/news/hr...
business.wisc.edu/news/new-re...
theactivistinvestor.com/The_A...
www.tcifund.com/files/corpora...
www.dol.gov/general/topic/wag...
www.researchgate.net/publicat...

[@MrChrissammons]

Excellent. It has always bothered me that companies say things like our employees are our greatest assets, and yet the moment there is any hint of hard times employees are laid off. The lack of accountability at the exec level is staggering.

[@NotShowingOff]

The company is cannibalizing itself to survive. In that sense it’s “normal”. However, this at a interpersonal level

[@WoohooInc]

With the current tech layoffs, there aren't even hard times. They're making billions and still lay people off.

[@MrJaideepdas]

Excellent video.

[@WoohooInc]

Thanks!!!

[@NotShowingOff]

I think in Europe the legal system is the main point of friction. Companies over there are keen to doing layoffs if left on there own. So in the USA, the legal system has to change

[@WoohooInc]

Yes - we need good legal protections against frivolous or damaging layoffs.

[@MJ31579]

The US has one of the worst labor laws in the world, and I'm stating this from a country in Africa. It's very bad for a country with such a high GDP and not a wonder that so many people are struggling in a country of abundance. I feel the whole of the US is gaslit into thinking it's ok.

[@WoohooInc]

Too true. Compared to Denmark US workers are in an incredibly precarious situation.

[@WoohooInc]

Have you ever been laid off? How was it? Do you agree that corporations rely way too much on layoffs?