Layoffs as a last resort – what are the alternatives?

Restructuring does not always have to mean layoffs. Sometimes a company does not need to reduce the headcount but rather shift the employee skills to new areas within the firm. Layoffs should always remain the last resort – used only when there is no other solution, or when an employee is unwilling to adapt their skills to the changing needs. It is important to note that layoffs come with high costs: financial, reputational, cultural. They often create uncertainty across the company. These are all factors that need to be carefully managed as part of any restructuring process. – Michał Bodziony for inwestorzy.tv.

The interview available here.