As companies like Amazon and Meta lay off thousands of employees to cut costs, they lose something valuable in the process that can’t be quantified: workplace culture. Whatever the business criteria used, cuts must pass the culture test if organizations are to avoid paying the consequences of long-term toxicity in the workplace. This entails getting the human side right, including putting transparency, fairness and trust first.
Companies should do more than rein in expenses and manage the looming downturn. On one hand, the consequences of hasty, poorly calibrated fires can be costly. Whether it’s about facing the need to rehire talent or unexpected turnover, bottlenecks in an uncertain economy — and, paradoxically, a still-tight labor market — can turn into an operational nightmare. On the other hand, since the remaining employees are left with a very changed workplace, lower engagement and quiet quitting may become the new normal.
Source :
https://www.forbes.com/sites/caterinabulgarella/2022/11/29/the-culture-that-tech-companies-have-worked-so-hard-to-cultivate-is-lost-amid-layoffs/?sh=7fe573383780