My CEO Life

The cold hard reality of life for all businesses is that, from time to time, people need to be let go.

Recently i chatted with one person that was made redundant.  Her description of the process was “I was notified I was being made redundant, and immediately frog-marched out of the building. I wasn’t even given the opportunity to collect my wedding photos off my desk. It was all rather disrespectful.”

The above is an example of a company that is not approaching the letting go of people in the right manner.  How should companies handle this most difficult of times?

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In tough economic conditions, every business goes through a review of operations and for many of them, they will have to let some people go.  I have recently gone through this with my new business and there are some salient lessons that can be learned in downsizing.

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