What is the business case for laying off staff durring the holiday season?
The business case for firing personnel during the holiday season is a mixture of all of these:
1. New year start coming soon and companies want to show lower no of headcounts on their books, and thus higher productivity (sales/headcount etc);
2. Avoiding bonus payments or pension plans – although severance costs come in – but bear in mind that whilst bonuses and salaries are above the operating profit, thus affecting the companies’ official performance, severance goes below, so one more incentive to do so;Read More »What is the business case for laying off staff durring the holiday season?