Part 1/9:
Navigating Layoffs: Insights from an HR Professional
In today's dynamic corporate landscape, layoffs are an unfortunate but common reality. Whether you're worried about how to handle a layoff yourself or wondering how to present such experiences to future employers, understanding the intricacies behind layoffs can provide essential guidance.
The Process of a Layoff: A Strategic Cost-Cutting Exercise
Layoffs are typically part of a company's broader strategy to reduce costs, especially during financial downturns or restructuring phases. An HR professional explains that layoffs often follow a staged approach: