Is there a right way to lay off people?
I know how much difficulty I have always had whenever it has been necessary to lay off people. It is one of the most difficult things that anyone in management ever has to do. However, as Guy Kawasaki points out, it is hardest on the person being laid off and he/she is not really concerned about how badly it makes you feel as a manager.
With the downturn in the global economy, each time you pick up the newspaper or turn on the radio or television, all you hear is how many people are being laid off – Citibank laying off 52,000 people, HSBC laying off between 450 – 600 people, DBS Singapore laying off thousands, other banks, financial institutions, automobile companies and multinational companies are not far behind. Then there is news of Intel and Dell showing a drop in profits in the third quarter because of consumers unwilling to spend on technology. But on the other hand, in stark constrast Hewlett Packard has never looked healthier. Or is that just a mirage?
How will companies fare in Pakistan? Will there be layoffs? Will this affect every sector of the economy or only some select sectors? We are hoping that technology companies in Pakistan can take advantage of the economic downturn by offering more efficient and less expensive options in terms of solutions and services to local and overseas businesses. It is important to remember that although large and mid-sized companies will be looking to cut back on costs in order to survive, they still need work done and who would be better placed to bid for this work than the technology companies in Pakistan who are able to offer a better value proposition than larger outsourcing firms in other parts of the world. That may be the reason why some technology companies here are still hiring – although no doubt they admit that it is selective hiring.
Guy Kawasaki post on the art of laying off people caught my eye and I thought I would share it with those who haven’t come across it.
Entry filed under: Posts. Tags: .