Everyone in the corporate industry will be aware of this word called “Lay Off”. A decade ago, when parents used to say that government job promises security then children used to laugh, but now the same children, while working in some big corporates, know exactly what “security” means.
Layoff is the temporary suspension or permanent termination of employment of an employee or (more commonly) a group of employees for business reasons, such as the decision that certain positions are no longer necessary or a business slow-down or interruption in work.
Company love profits and not people, some companies say that people are DNA for them but in real terms they are nothing more than a resource which is dumped when not in use. There are hundreds and hundreds of example of people getting laid off when economy is not working properly or company itself does not fair well. In majority of the cases, this happens because of lack of vision, bad management and going a bit extra aggressive on growth in good times.
Some companies attribute their layoffs as performance measures while some come out with real reasons. I personally, if at all I had to choose, will go for a company which actually state the real reason and kicks me out rather than performance measures. After all, which company will want to take a person who has been kicked out because he / she didn’t perform well?
I am not in favor of companies taking this strict action but I guess if at any point in time I reach a stage where I will be managing a company, I myself might take this action if and only if there is no alternative.
Filed under: others
