Are layoffs the final solution to survival?
During past financial downturns companies would rush to lay off staff as a means of saving money. As a result the time taken to recover was longer because of the need to re-recruit talent. Most businesses seem to be avoiding this mistake in the current financial climate.
Sure, the unemployment figures are rising and the banks and construction sectors have laid off talent but there seems no rush to so from other sectors. There would seem to be an awareness from CEO’s that I am talking to that the one area that will allow a business to survive is “sales” and to retain talent for as long as possible.
However the question must be in people’s minds, “At what point will unemployment be the final option for survival?”.