No matter how great your performance reviews, how popular or prominent you are, how innovative or loyal you’ve been, you, too, can be laid off.
They just weren’t yoursA mass layoff is often a failure of management.
Plus, in deciding who to cut and who to keep, leaders have to consider what the business will need after a mass layoff in terms of skills and other capacities.
Companies try to keep the number of people in the know about a pending mass layoff as small as possible for as long as possible, Williams noted.)
If you survive the purge, there are steps you can take right away to protect yourself financially from a future layoff.
Persons:
New York CNN —, you’ve, …, ”, Andrew Challenger, Chris Williams, ” Williams, Williams, you’re
Organizations:
New, New York CNN, Los Angeles Times, Wall Street Journal, Washington Post, Wayfair, Microsoft, Companies, “, ” Challenger
Locations:
New York