Culture and momentum are real and important parts of workforce morale. Killing them off, will actually send the wrong message to employees. I've been at compan

Culture and momentum are real and important parts of workforce morale. Killing them off, will actually send the wrong message to employees. I've been at companies who followed the above and ended first an annual 4th of July party, then scaled back the Christmas holiday party, then started cutting semi-regular, informal, socialization activities over lunches and what not. There was nothing more damaging to morale at that firm than killing the few times a year we got to have a bit of fun on the company's dime. We worked hard so the CEO could buy another house, and the reward was "no bonuses, no parties this year." I watched the life drain out of that place. Killing employee morale activities costing millions won't save jobs lost by spending billions or implementing anti-employee policies.