How Layoffs Are Decided | Who Gets Laid Off First | All About Layoffs

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How Layoffs Are Decided | Who Gets Laid Off First | All About Layoffs

00:00 - Intro
00:19 - Performance
00:54 - Skills
01:38 - Tenure
03:01 - Decision Makers
03:32 - Why Layoffs
04:05 - Change in Business
04:35 - Worklife Balance
05:03 - Company Culture

In this video, we dive deep into the tough decisions behind corporate layoffs, revealing the factors that determine who stays and who goes. From performance evaluations and the impact of automation on job relevance to the considerations of tenure and severance costs, we uncover the reality behind these difficult choices. 📉💼

Discover intriguing stats like how performance issues account for 47% of layoffs and automation's potential to displace 85 million jobs by 2025. Learn why newer employees might be more vulnerable and how severance packages play a crucial role in these decisions. Plus, get insights into the roles of leadership and HR in navigating these challenging times.

We also explore the bigger picture: why companies resort to layoffs, from financial struggles and shifts in business strategy to workforce rebalancing and cultural influences. With references to reports from SHRM, the World Economic Forum, and the National Bureau of Economic Research, this video sheds light on the complexities of downsizing and its implications on the workforce.

Join me as we navigate the often hidden dynamics of layoffs, offering valuable insights for both employees and employers. Whether you're a professional seeking to understand the landscape or a leader pondering these tough decisions, this video is for you. Don't forget to like, share, and subscribe for more insights into the corporate world.

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