Management Skills

CHAPTER20

Handling Firings and Layoffs

In This Chapter

• The promise of job insecurity
• Firing for cause
• The ins and outs of layoffs
• Letting go of good people
• Looking out for those who leave and those left behind
• Learning from adversity

The days of spending a lifelong career in one company and getting an engraved gold watch at retirement are long gone. Several studies reveal the average CEO of a major company holds his or her position for less than 10 years, and many CEOs only make it a couple years. The same is true with all levels of employees, not just CEOs. Change is everywhere, and this has helped create an environment in which people move ...