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Shake-ups are useful, but firms need to get the human equation right
There are emotional and motivational impacts on workers when they are shuffled or shown the door.
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There is a growing trend in the tech sector of mass layoffs as part of companies' adaptation strategies.
PHOTO ILLUSTRATION: PEXELS
Andy J. Yap
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Former General Electric CEO Jack Welch once said: “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
To remain competitive, companies must adapt quickly to an ever-evolving business landscape. In times of growth, they may expand rapidly, hiring aggressively. But when conditions shift, so must their strategies. This often requires realigning roles, streamlining processes, or improving operational efficiency to meet new objectives and needs.
