This document outlines lessons learned from layoffs. It begins with contact information for Nora Burns who authored the document. It then provides 10 lessons on topics like offering buyouts, showing empathy, being transparent about the severity of the situation, who to layoff, how quickly to act, and supporting survivors. It concludes with a bonus lesson on considering alternatives to layoffs.
2. Now More Than Ever
Nonfarm payroll continued to decline in June
(-467,000)
Large declines in manufacturing, professional &
business services and construction
Unemployment rate 9.5%
14.7 million people
4.4 million of those are “long-term
unemployed” (27+weeks)
Bureau of Labor Statistics - US Department of Labor - July 2, 2009
3. Unemployment Rate by Segment
Adult Men: 10%
Adult Women: 7.6%
Teenagers: 24%
Whites: 8.7%
Blacks: 14.7%
Hispanics: 12.2%
Bureau of Labor Statistics - US Department of Labor - July 2, 2009
10. Lesson 5: Be Real
“If this were a real financial
emergency…..layoffs would
be greater than [11%]”
-Executive of firm that had just cut 24 of their 224 positions
11. Lesson 6: When
Source: Employment Spectator April 14, 2009 http://www.employmentspectator.com/2009/04/
update-laying-off-nurses-immediately-does-not-mean-during-surgery/