We should be honest about the mental health impacts of layoffs

We should be honest about the mental health impacts of layoffs

Every person you lay off from your business is ten times more likely to try and take their own life.

I don’t think senior executives think in those terms. I suspect many are thinking about juicing the bottom line, getting a little stock price bump, maybe making things more efficient, etc. I think large investors think about what is best for their stock values. That’s why CEOs announce layoffs of 10% of the workforce and are rewarded with $100 million bonuses.

Linked – New data shows shortsighted companies will try to replace workers with AI

Linked – New data shows shortsighted companies will try to replace workers with AI

Many people who make hiring and firing decisions don’t think about AI as a tool for better work-life balance or increased productivity in their workforce. They are planning on replacing their workforce. These are likely the same ones who view layoffs as a strategy to tweak stock prices and see employees as numbers on a financial statement instead of human beings. Increasingly, they are being put in charge by shareholders who see employees similarly – a bothersome cost.

We should not be surprised that younger generations want to blow it all up.

The Royal Family Provides an Example of What Happens When People Are Left Without Information

The Royal Family Provides an Example of What Happens When People Are Left Without Information

The people who follow the Royal Family were left without further information about Kate after her original surgery. We can argue about what information they were entitled to, and I’d agree they weren’t entitled to any. Still, we saw a large group of people filling in the blanks with some of the wildest conspiracy theories we’ve seen anywhere when no information was forthcoming.

Imagine what happens on Teams or Slack about your company when information is unavailable.

Linked – Survey: Employers face more turnover in 2024 as confidence in leadership dips

Linked – Survey: Employers face more turnover in 2024 as confidence in leadership dips

The interesting thing about this is the fact that there’s a lack of confidence in the employer because I think many employers brought that on themselves. Layoffs might make the financials look good with that cut in expenses, but they are also an admission that management screwed up. When your management screws up and people have to be let go, the ones who are left behind don’t see company leadership in a sparkly light.