3 ms·
Honestly if they are targeting percentages of the company, ditching entire products, divisions or slicing diagonally across the org chart is the way to go. Cons
by mattbrewsbytes 4y ago
Honestly if they are targeting percentages of the company, ditching entire products, divisions or slicing diagonally across the org chart is the way to go. Consolidation of like functions and just stop projects. If there are uniquely skilled people in the layoff, give them a chance to interview with other teams. Make it quick and as painless as possible, the longer it drags out with rankings and middle managers politicking the worse morale will be.
Also, any investors out there might hear “one time restructuring charge” in the quarterly results when they talk P&L which will affect the bottom line.