4: Develop a Fair Restructuring Process
“The layoffs happened on the sixteenth,” recalls Tom (a fictitious name), a survivor of a massive bloodletting at a large financial services firm. He continues,
They occurred in a glass-walled conference room at the back of the trading floor. It was a like a goldfish bowl—so exposed. And to make matters worse, when people left the conference room with a blue folder with the severance information tucked under their arm, they had to walk all the way across the trading floor—hundreds of feet—where they knew a lot of people, and everyone could see that you had that telltale folder and would understand that the person had been fired. It was like running the gauntlet. Everyone was treated this way, associates ...
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