Since November 2020, globally there have been more than 1,27,690 layoffs (according to Layoffs.fyi). In 2022 alone, a minimum of 66 tech companies have laid off employees and we are still counting.
Either because of economic or organizational reasons, headcount adjustments in the name of layoffs, furloughs or hiring freezes are a common practice which we have seen across the years.
But the point of discussion here, is about something bigger than the process itself. If an organization must continue to deliver its work, must continue to grow, must continue to make profits, the one resource they must continue to fall back remains the same. And they are its people. It’s employees.
In this article, we would like to explore on how to sustain employee engagement against decline- during layoffs or other uncertain times. The impact of layoffs and other organizational changes can wash out engagement, sooner than we know.