Layoffs and terminations must be done right. While there’s no recipe that works 100% of the time, there is a set of actionable strategies one can follow to minimize any negative consequences. This strategy heavily depends on leadership, execution, analysis, being able to confront reality, having great general management skills, and being open-minded. This job cannot always be executed successfully by one person alone. It usually requires a whole new exit management process tightly entwined in the overall talent management process and introduced throughout the entire organization.
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