Markets reward companies that cut jobs.
The rationale is that if a business can make such tough people decisions, it should be making even tougher process decisions to improve the bottom line.
This assumption is misleading.
I have found that the habits that lead to such cuts return a year after markets reward such cuts, feeding into the boom-and-bust cycle.
People are the first casualties of poor people decisions, not companies.
Leaders must be deliberate about systems that ensure their companies remain lean to avoid being mean.
– Osasu Oviawe