5
THE CORONAVIRUS CRISIS DOESN’T HAVE TO LEAD TO LAYOFFS
by Atta Tarki, Paul Levy, and Jeff Weiss
During a crisis, the path between corporate denial and layoffs is often a short one. For weeks, our corporate clients and contacts waved off concerns about a potential economic impact from the Covid-19 outbreak. Then something changed around March 9. First, our contacts told us they were restricting visitors to their offices and encouraging remote work. Now, only a few days later, we are hearing that many them are considering layoffs to ensure they make it through the crisis — and a recent survey found that a vast majority of corporate leaders are considering some sort of financial action as a result of the pandemic.
To be sure, a cost-cutting ...
Get Coronavirus and Business: The Insights You Need from Harvard Business Review now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
