With increasing frequency, I have seen LinkedIn news headlines and Google trend suggestions with layoffs for major corporations. And these layoffs entail a significant percentage of the workforce being effectively fired. And these companies will tell you that this is a business decision. They may be anticipating a further decline in the economy.
They may have less profits. They may have consecutive down quarters, whatever the reason is. They will try to justify it as a business decision. Of course, we could also ask what about the compensation for the executives who are at the home during this down period. Regardless, the surrounding community can also make a business decision.
And that business decision can be not to purchase. from the companies that are engaging in these layoffs in mass. And by doing so we can affect the business decision of the corporations to make these layoffs. Companies need to retain the employees. We not, we all know that companies. Have profited significantly from upturns in the economy when the economy was good.
They’ve captured tremendous value. Now they only want to hold on to that value and they don’t want to make their employees a part of their long term strategy. Well, there can be consequences for this and for so many companies that supposedly care about social responsibility, this would be the ultimate test.
This would be the test to see if they truly do care about what they will often deem as family or their community. This is the test, not token donations. This is the test, will you retain your workforce? And for those companies that choose to make layoffs, The, the community, everyone needs to start having a negative stigma associated with that company.
So, hashtag layoffs, hashtag company, hashtag do not support. These companies need to retain their workforce. They can’t cut people simply because profits are down or they’ve had consecutive down quarters. If they really want to feel. A down quarter than the consumers can let them know exactly what they think about these layoffs and support these workers support these people that surround us and are in the community because when there when there are one round of when there’s one round of layoffs, when there’s another round of layoffs, when other corporations start following suit, Everyone is impacted beyond the workers.
But of course we need to support the workers. Companies need to keep these people employed and we need to stop seeing layoffs.