01-23-2023, 06:50 AM
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Member
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Join Date: Dec 2008
Location: India
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Layoffs: Three Most Unsafe Categories Vs Safe Categories Employees
Layoffs: Three Most Unsafe Categories
- Contract workers: An individual retained by a company for a predetermined time, for a predetermined price are called contract worker. They are usually the first out when the tide turns.
- Employees associated with new initiatives: Companies recruit people when it plans to expand their territories during a good phase. However, during layoffs such employees are at risk. “Unless the company is making a concerted effort to pivot entirely to these new areas, these kinds of new initiatives are often the first ones cut when times are leaner,” Williams told Business Insider.
- Employees associated with event planning: When companies are in a tight spot, events and luxury activities take a back seat and thus employees associated with event planning are quick to be sacked.
Safe Categories Employees
- Profit-making employees: If employees are making profit to the company, the firm would not risk incurring losses if such staff are fired. “If you’re an essential part of building the most profitable product for your company, your layoff risk is low. When retreating to the core business, companies turn to the quality products that make money,” Williams told Business Insider.
- HR Staff: “HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. As such, these areas are rarely the source of major cuts in most layoffs,” Williams added.
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