The Immediate Impact of Layoffs on Employee Experience & Company Performance.

This is the first part of a two-part series on layoffs and their impact on the employee experience. The episode focuses on the immediate impact of layoffs, based on research conducted by Culture Amp. The research analyzed data from layoffs in the tech sector between March 2020 and December 2023, including over 3,300 layoff events by 2,400 companies. The conversation explores the impact of layoffs on employee engagement and the employee experience. It discusses the decline in engagement levels after layoffs, particularly in trust, pride, and commitment. It also highlights the importance of leadership communication and development opportunities in mitigating the negative effects of layoffs. The conversation debunks the myth that doing one large layoff is better than multiple smaller layoffs and emphasizes the role of managers in supporting employees during this challenging time. The episode concludes by discussing alternative strategies to layoffs and the importance of treating employees with decency and humanity throughout the process. Chapters 03:40 - Research Methodology and Data Set 07:08 - Immediate Impact on Employee Engagement 13:55 - Decline in Commitment and Confidence 20:34 - Importance of Transparent Communication 23:22 - The Role of Leadership Communication and Development Opportunities 27:45 - Debunking the Myth of One Large Layoff Being Better 33:46 - The Importance of Managers in Supporting Employees 38:24 - Exploring Alternative Strategies to Layoffs Articles mentioned in this episode: Business Insider - A better way to handle layoffs Axios - Employers are "afraid" to conduct layoffs in viral video era If you've enjoyed this episode, please

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The Immediate Impact of Layoffs on Employee Experience & Company Performance. is an episode from Culture First by Culture Amp.

This episode is 00:46:52 long.

This episode was published on Jun 19, 2024.

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