Layoffs: Bad for your business' bottom line


	Layoffs: Bad for your business' bottom line

Spiritualmonkey

7-7-2008 5:14 PM

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corporations, work, research, layoffs, business, economics, workplace

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/67ba5980-881d-43ab-b698-65db9412bff6/C57DC546-DFE0-4A88-AB70-1E0448BC354C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bnet.com/2403-13059_23-208899.html" href="http://www.bnet.com/2403-13059_23-208899.html" style="font-size: 11px;">www.bnet.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><H1>The Hidden Costs of Layoffs</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><P>Think downsizing will solve your company’s financial
woes? Before getting out the ax, take a look at what experts and researchers
have discovered about the unexpected consequences of layoffs. These harsh
realities may make you think twice:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><H3>1. Significant indirect costs often wipe out the direct savings of layoffs.
</H3>
<P>While layoffs may seem like a good way to cut costs in the
short-term, the direct and indirect costs of downsizing can paralyze your
company’s long-term revenue-generating streams.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><H3>2. Your best employees might bolt after a round of cuts.</H3>
<P>The top performers who survive a layoff won’t
necessarily feel obligated to soldier on.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><H3>3. The best types of workplaces often suffer the most.</H3>
<P>If your company touts itself as receptive to the needs and
personal development of its workers, layoffs can be even more troublesome.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html">4. Layoffs don’t improve organizational performance.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bnet.com/2403-13059_23-208899.html"><H3>5. Employee retention is linked with customer retention.</H3></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C57DC546-DFE0-4A88-AB70-1E0448BC354C/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>