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Navigating Layoffs and Downsizing in a Struggling Economy
In a down economy or when a company is no longer growing, CEOs and boards go through different stages including denial, hiring pause, and multiple layoff stages./nEvery layoff is like surgery and it's recommended to skip to the second layoff and go deeper than planned to avoid multiple surgeries./nMaking cuts gradually affects morale and stock bumps but doing it all at once is better according to Evan Spiegel.
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