Many of the world’s biggest #TechCompanies have been announcing #layoffs recently. Their explanation is usually that they #overhired and need to cut #costs. But #HarvardBusinessSchool professor Sandra Sucher says companies often underestimate the downsides.

Layoffs don’t just come with bad publicity: they lead to weakened #engagement, higher #turnover, and lower #innovation as remaining employees fear #RiskTaking.

https://hbr.org/podcast/2023/02/why-many-companies-get-layoffs-wrong