Woodruff took the company through the Depression years and never layed off his employees. This makes the third reduction in force. This very short sighted HR trend to improve the company's efficiency and perfromance misses a very important point that Woodruff understood very well: the very best talent will avoid the company, and many who survive the RIF will also leave the company. At one time Coca-Cola was loyal to and protective of its people, and had its pick of the very best talent the industry could offer and the employees were fanatically loyal in return. No longer...
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find me one publicly traded company that fosters the spirit of loyalty - if you are traded on an exchange your primary goal is to generate profits and if workers are standing in the way of that they will be eliminated. capitalism 101. sorry.
This is so true - Coke was loyal, but we lost this trait.
How can you expect employees to be loyal and give 200% if the company itself is not loyal.
Also, some posters here would want you to believe that the layoffs selection process was fair and balanced - if you were to take a look at what happened in my group, you'd think twice about this.