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How to make the best of layoffs

Chicago Booth Review Podcast

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Navigating the Emotional Landscape of Layoffs

This chapter explores the complex dynamics of layoffs, stressing the need for decision-makers to consider the emotional impact on employees alongside company strategy. It outlines critical communication strategies — care, meaning, and action — to foster empathy and clarity during these difficult transitions. The chapter further emphasizes the vital role of leadership in conveying important messages directly and understanding the broader implications for company culture and morale.

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