Layoffs and salary cuts have long been methods to help preserve bottom lines in the face of challenging economies. But do these cost-saving measures actually deliver the most impactful ROI?
In recent months, companies across industries have laid off employees en masse, including H&M, Amazon, Morgan Stanley and Wells Fargo. The tech sector alone lost over 88,000 jobs. But losing employees won’t necessarily help employers weather an unstable market — it’s finding ways to keep them on board that could prove to be the wisest investment.
