Are corporate layoffs justified?
Every few years or months, we see the news that recession in the global markets is leading to massive layoffs in the top companies across domains - IT, manufacturing, retail, tourism and so on. I thought of starting this debate to see what our fellow engineers think about layoffs. There are two sides to this debate:
1. Layoffs are justified: from the corporate point of view. The corporates need to show themselves profitable and one of the ways to be quickly profitable is to get rid of the overload; by terminating the employees and saving on the salary expenses.
2. Layoffs are not justified: from the employee point of view. The employees are dependent on the company to provide them with projects or work so that they can perform. But employees get the axe when the company itself underperforms or can't keep the profit margins high. Employees don't have (usually) a say in the management decisions and therefore firing them for the bad markets or mismanagement of the board is totally unjustified.
What's your standpoint?
1. Layoffs are justified: from the corporate point of view. The corporates need to show themselves profitable and one of the ways to be quickly profitable is to get rid of the overload; by terminating the employees and saving on the salary expenses.
2. Layoffs are not justified: from the employee point of view. The employees are dependent on the company to provide them with projects or work so that they can perform. But employees get the axe when the company itself underperforms or can't keep the profit margins high. Employees don't have (usually) a say in the management decisions and therefore firing them for the bad markets or mismanagement of the board is totally unjustified.
What's your standpoint?
Replies
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Anil JainIt will always be justified for corporates and unjustified for employees; there is a very think line to explain that.
Per me most of the time terminated employees are underperformed employees or the ones that are not flexible to upgrade switch their skills. In some cases employees are simply marred by bad luck that their respective reporting managers are not strong enough to put a case to retain them,
- CB -
Koushal PatelCorporate should have a strict screening of candidates yearly for promotion or lay off. Employee should be given limited fare chances to improve themselves. If they do not clear the level, fire them.
There must be a 360 degree appraisal which makes companies aware how the higher management is working with the normal level employees.
If arrangements similar to said above are arranged, nobody would be questioning about the fare and un-fare about the lay off.
#QuiteImpossibleToFollowThough đ
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