It has been over five years since the financial meltdown triggered by the
collapse of Lehman Brothers, but the situation does not seem to have
If in the last slowdown, it was mostly techies and investment bankers
who were facing the boot, this time the net has been cast wider and has
snared media professionals, auto workers, contract labourers and
Job cuts are a necessary pain that the companies must carry the
burden of. A smart and adaptive talent management strategy views it as
an opportunity to increase the organisation’s human capital effort.
Losing a job is often considered stigma in this country. A lot of the
times, people don’t share the news with their families and are on the
desperate lookout for a job.
Organizations need to realize that they need the trust of the employees
for the long term and if they are not authentic in the way they deal with
such issues, they can lose the trust of their teams, which nobody can
Click for full story