Word: layoffs
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Dates: during 2000-2009
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...shut. Keep your hand away from the pen. Sign nothing. Keep your thoughts to yourself. Ask questions. At the risk of sounding adversarial - and I don't like to do that because I'm a huge booster of the HR profession - these people have a script. HR and the layoff managers are war-gamed against a script because they need to protect themselves legally. If you only ask questions, in a really calm way, you can get them to move off-script. And when they move off-script, they could say something that you can use in your favor...
...economic free fall is causing budget difficulties in other states, but California faces the deepest crisis. With the budget talks stalled, Schwarzenegger sent layoff notices to 10,000 state workers and ordered a halt to the last 275 state-funded public-works projects still under construction. Call it shovel-ready in reverse...
...economy is entering a two-layoff cycle. Managements examined their 2009 prospects late last year and prepared layoffs based on their knowledge that the current year would be rough. They made their job reductions based on those assumptions. But, many executives were completely wrong about the length and severity of this recession. It is hard to blame them for this mistake. Even well-regarded economists have had trouble giving reasonable forecasts for what will happen to joblessness, consumer spending, and industrial production over the next two or three months. The distance to any reasonable prediction horizon lessens as the downturn...
...ramifications for a workplace can be pernicious and long-lasting. Research shows that reduced commitment and diminished productivity - even when people are expending more effort - can linger for the better part of a year after a layoff takes place. Especially in situations where layoffs aren't handled gracefully - like those in which employees are brusquely escorted to the door - workers can wind up distracted and rigid in how they approach their job. "At the very time companies need innovation and creativity to have new products and bring in new revenue, people tend to become self-absorbed," says Wayne Cascio...
...Caterpillar is the ultimate hardware maker, fashioning massive steel earthmovers in vast factories that spark and clang, Microsoft, which recently announced its first serious job cuts, is the behemoth of software, silently manipulating ones and zeros. Worlds apart, they've come together in the layoff business. Whether a company chops trees (Weyerhaeuser) or prices (Target), whether it sells Lipitor (Pfizer) or lumber (Home Depot), whether it services oil rigs (Baker Hughes) or cell phones (Sprint Nextel), job one is cutting payroll...