Attached. Please let me know if you have any questions or need revisions.Running head: DEALING WITH LAYOFFS1Dealing with LayoffsStudent’s NameInstitutional AffiliationDateDEALING WITH LAYOFFS2Dealing with LayoffsChange is inevitable in every business. Companies must adequately prepare theirshareholders, including employees, about any planned change in an organization to make thetransition smooth and effective. In recent times, workers’ layoff has become a profound form ofbusiness to cope with modern challenges facing organizations, particularly during hard economictimes or due to technological advancements (Sucha & Gupta, 2018). Despite the factors ofchange, the management should evaluate the pre-layoff and post-layoff outcomes of change.Ideally, this entails the management to deploy a cost-benefit analysis to evaluate the impact oflayoffs on the employees and the workplace environment. A post-layoff evaluation can entailevaluating the stress and performance of the workers. For instance, a study done by Brockner etal. (2004) finds that layoffs lead to low performance on the survivors. The same study shows thatlayoffs improve the commitment of the survivors since their future is uncertain. While focusingon the pre-layoff, the important consideration is to evaluate the benefits that the busin…
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