Beyond the pink slip. This is how to deal with layoffs and build back teams
Jenn Lim observes the root causes of layoff contagion can be linked to a lack of psychological safety, transparency, and trust, impacting the individual and the collective well-being of everyone in the organization.
The tech layoff wave of 2023 continues to gain momentum in 2024, with other industries like media, finance, and retail adding to its strength. Estee Lauder, UPS, Dow, and Citigroup are the latest companies to announce layoffs in a tenuous economy that’s being taunted by the impact of AI.