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In an effort to survive in a down economy, are companies taking the less compassionate route?
Deby Covey
Founding Member | Scholar ✭✭
In an effort to survive in a down economy, are companies taking the less compassionate route of laying people off in tough job seeking times? If not, what options are they using?
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Most of the more established tech companies I speak with haven't been doing mass COVID-related layoffs, but rather make more selective investment decisions which have more narrow human impacts. Beyond that, when other companies opt to avoid layoffs I've seen some implement pay cuts, salary freezes, and furloughs.
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Thanks - good to know. I know that some are cutting salaries for at least a year and doing 5% layoffs, but still maintaining dividends.
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