50 Alternatives to Layoffs

How to Keep the Business Afloat Without Sacrificing Employees

Instead of relying on layoffs to keep businesses afloat, why aren’t we trying to find creative alternatives to layoffs instead? Your staff — from the C-suite on down — has committed time and energy to your business’s survival, and layoffs seem like the ultimate slap in the face.

Many of my family, friends, and colleagues have suffered layoffs over the last few years. I don’t think I have to tell you that the results can be devastating.

Maybe there are better ways…50, in fact. Let’s take a look at them:

  1. Hiring Freeze: Many of the companies that deploy mass lay-offs are still placing job postings at the same time. In other words, they’re getting rid of valuable human capital to save money while bringing in fresh blood at lower salaries. It costs less to retain employees than to replace them, so consider a hiring freeze as an alternative to layoffs.

Are layoffs sometimes necessary? Yes, I’m forced to reluctantly conclude. However, I hope that, for most businesses, they’re a last resort instead of a front-line option.

It’s better to lay off some of your employees than to lose your business. I get that. Just don’t make it your go-to solution when your business starts to slip into the red.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
LJC Press

Reader. Lover of words, dogs, horses, people, and kindness. Writer.