This Program is Vital for Limiting Backlash When You Have to Lay People Off
No business owner likes to do it, but sometimes layoffs are the only option.
By Jolene Risch •
Opinions expressed by Entrepreneur contributors are their own.
Business owners around the world are reeling from the financial stress of the global health crisis, which has resulted in mass layoffs and furloughs. Luckily, according to the Bureau of Labor Statistics, the layoffs and furloughs have slowed and almost returned to the pre-crisis rate. But even with things turning around, it's difficult to predict when you might need to be prepared to lay off some of your team members. That's why it's important to have a plan in place with an outplacement program.
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